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Superannuation

FEAL appoints three new directors

The Fund Executives Association Ltd (FEAL) has appointed three new directors to the board following its Annual General Meeting (AGM) last week.

Foreign investors splash $13.8b on M&A

Foreign companies have spent a record $13.8 billion in acquiring Australian companies in the first 11 months of 2006, up 91 per cent compared to last year's figures, according to research by KPMG's Corporate Finance practice.

Ex-FAI financial controller sentenced

Antony Boulden, 42, a former financial controller of the corporate and professional insurance division of FAI General Insurance Company (FAIG), was sentenced to 12 months imprisonment to be served by periodic detention.

Up and down the fee chain: Mercer

Mercer Investment Consulting has released a global study of institutional management fees that found which asset classes charge a lot and country-by-country fee differences.

Macq splits the wrap

Macquarie Adviser Services has introduced a super splitting feature in the Macquarie Wrap platform despite reports that other savings strategies introduced in the Costello budget proposal have superceded the benefits of super splitting.

Wealth managers will have difficulty with AML

WWW.THESHEET.COM.AU  |  FRIDAY, 1 DEC 2006
The financial services organisations that will struggle most with the introduction of anti-money laundering programs are those that may otherwise be least affected by it - the life companies and investment managers in the wealth management sector.

Analyse bonds differently to equities: Loomis Sayles

ALEX DUNNIN  |  FRIDAY, 1 DEC 2006
Bond markets behave differently to equity markets and investors trained around equities need to adjust their thinking when investing in income securities.

Centro's DPFI proving popular

HAMISH MADDEN  |  FRIDAY, 1 DEC 2006
Centro Property Group's Direct Property Fund International (DPFI) has tipped over the $1.1 billion mark thanks to strong inflows in recent months as well as existing investors piling more money into the fund.

T.Rowe Price wins Chinese govt fund mandate

T. Rowe Price Global Investment Services has won a US equity mandate from the National Council for Social Security Fund (SSF) of China, one of only 10 non-Chinese investment managers selected by the US$25 billion-plus pension fund.

Avoid excessive hedging: EQT

ALEX DUNNIN  |  THURSDAY, 30 NOV 2006
While debates continue about what level of hedging is best, the point is that as investors push more money overseas due to local capacity constraints hedging strategies will become central, particularly as we increasingly distinguish between what drives ...