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Superannuation

MAB FM raising funds for US retail trust

HAMISH MADDEN  |  WEDNESDAY, 22 NOV 2006
Specialist property investment manager MAB Funds Management (MAB FM) is looking to raise $37 million for its newly launched unlisted fund investing in the US retail property market.

Liquidator gets 12 month suspension

Sydney liquidator Ronald Dean-Wilcocks has been suspended for 12 months from working as a liquidator after he failed to disclose conflicts of interest to his clients.

ANZ FP to focus on maintaining its muscle

HAMISH MADDEN  |  TUESDAY, 21 NOV 2006
It's been a good year for ANZ Financial Planning (ANZ FP) but general manager, Mike Goodall, said he would be shoring up the business model to leverage more success into 2007.

AMP Capital Investors opens door to China securities

HAMISH MADDEN  |  TUESDAY, 21 NOV 2006
AMP Capital Investors is hoping to raise $280 million for its new AMP Capital China Growth Fund, giving investors access to China A shares normally off limits to Australian investors.

Diversify out of Aust equities: van Eyk

HAMISH MADDEN  |  TUESDAY, 21 NOV 2006
On the back of recent research, van Eyk has warned planners they should be rebalancing their clients' portfolios away from Australian equities while they will need to search harder for local managers who are actually able to add value.

Anti-phishing industry code needed

WWW.THESHEET.COM  |  TUESDAY, 21 NOV 2006
Banks may have to abandon email as a customer communication method unless an industry-wide code of practice for electronic communications is designed.

FIIG raises $3.5m for next phase of growth

It's a small step for staff but a giant leap for fixed income specialist FIIG Securities Limited (FIIG) after the group completed a $3.5 million capital raising to fund the company's expansion.

Super funds write off Cross City Motorway stakes

Super funds State Super and the Australian Reward Investment Alliance (ARIA) have written down their investments in the Cross City Motorway and assured fund members that potential losses will not have a material impact on their funds' total returns.

Praemium puts in place UK board

HAMISH MADDEN  |  MONDAY, 20 NOV 2006
Praemium has announced the appointment of a UK board as the next step in its UK expansion strategy.

NCS head of sales and marketing departs

The head of sales and marketing at NAB Custodian Services (NCS), Mark Holberton, has left the company.