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Superannuation

Russell Select scores $400m mandate

It's alpha-hunting in bulk after super fund Unisuper filled the entire institutional capacity of investment manager Russell's Select Holdings fund with a $400 million investment mandate.

MLC pools developed and emerging markets portfolios

Multi-manager giant MLC is the seed investor to Capital International's new 'All Country World' (ACWI) strategy, which combines investments in both developed markets and emerging markets under one roof.

Report your breach online: APRA

Superannuation licensees can no longer use the excuse that "it's in the mail" or that the "line was engaged" when reporting a license breach after the Australian Prudential Regulation Authority (APRA) launched an online 'Superannuation Breach Notification' ...

Franchises under CARE

Industry fund CARE Super is thinking laterally on how to reach potential members after it signed a sponsorship agreement with the Franchise Council of Australia (FCA), an association that represents the country's $128 billion franchising industry.

Daily Economic Round Up

PETER BELL  |  WEDNESDAY, 15 NOV 2006
The pay packets of management are back in the spotlight with news that the average salary of chief executives in Australian chief executives has risen by about three hundred per cent over the last couple of decades and that within the top 50 companies ...

AFA unveils new board

HAMISH MADDEN  |  TUESDAY, 14 NOV 2006
The Association of Financial Advisers (AFA) has unveiled its new board and the recent elections have resulted in a dramatic revamp.

MFS buys 40 per cent of Vantage

MFS Alternative Asset has acquired a 40 per cent stake in private equity management group Vantage Asset Management (VAM), its maiden investment in the alternative asset sector.

UniSuper flags $1b property spend

UniSuper is the latest megafund to announce it will invest at least $1 billion in unlisted property over the next five years, enough firepower to acquire 100 per cent or majority stakes in buildings, an investment strategy once the exclusive domain of ...

JP Morgan Private Equity Fund Services launches in Australia

ALEX DUNNIN  |  TUESDAY, 14 NOV 2006
JPMorgan Private Equity Fund Services (PEFS) will be launching in Australia to provide custody and administrative support to super funds and investment managers operating in the private equity investment space.

Unit pricing not always best: Buttler Walker

ALEX DUNNIN  |  TUESDAY, 14 NOV 2006
Despite the push to make unit pricing the standard for how super funds report investment returns, interest rate based approaches can be just as robust, argue actuaries Buttler Walker.