Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Superannuation

Mezzanine finance conman hits Hillsong Church investors

NSW based property developer Robert John Orehek is to face trial on 30 criminal charges brought by ASIC for misappropriating money from investors most of whom were from the Hillsong Church in Castle Hill.

New era for BlackRock

It's official. The name Merrill Lynch Investment Managers (MLIM) will be replaced with the name BlackRock but, besides the name change, it will be business as usual for the local arm.

IFM in A$5.5bn bid for fourth-largest English and Welsh water supplier

ALEX DUNNIN  |  TUESDAY, 3 OCT 2006
Industry Funds Management (IFM) has announce that a consortium it is involved with is bidding to takeover AWG in the UK, the fourth-largest water supplier and sewage company in England and Wales.

Fidelity Aust Equities Fund upgraded on third birthday

KATE HAGE  |  TUESDAY, 3 OCT 2006
Fidelity's Australian Equities Fund has had its rating upgraded by Morningstar after growing its local investment team and laying down a track record for its first three years.

Perennial replaces Macq on Russell's property manager team

HAMISH MADDEN  |  TUESDAY, 3 OCT 2006
Russell Investment Group has removed Macquarie Investment Management Limited and appointed Perennial to manage 37.5 per cent of its Australian Properties Securities Fund as well as 20 per cent of its International Properties Securities Fund - A$ Hedged.

Future Fund climbs to $32 billion

ALEX DUNNIN  |  FRIDAY, 29 SEP 2006
The government will transfer $14 billion to the Future Fund during 2006-07, and on top of the $18 billion parked there in May the Future Fund has already reached $32 billion in committed money.

Market wrap - midday

AAP  |  FRIDAY, 29 SEP 2006
The Australian stock market firmed at noon today spurred on by a strong US lead and growth in the resources and banking sectors. At 1200 AEST the benchmark S&P/ASX200 index was up 18.1 points to 5,132 and the all ordinaries added 17 points to 5,092.5.

Less confusion, more clarity on managed accounts: IMAP

Competing players from Australia's fast growing managed accounts sector will join forces to present the public with a uniform set of terminologies and help clarify the confusion surrounding the different managed account products.

Westfield raises US$1.5 billion

WWW.THESHEET.COM  |  FRIDAY, 29 SEP 2006
Westfield Group has taken the opportunity to extend the maturity profile of its funding with a US$1.5 billion issue of senior guaranteed notes that were priced into the US corporate debt market last Thursday.

Broker mortgage market share keeps rising

WWW.THESHEET.COM  |  FRIDAY, 29 SEP 2006
The proportion of broker-originated home loans has risen to 37 per cent and brokers are now writing 45 per cent of new loans, according to the JP Morgan and Fujitsu Consulting Australia mortgage industry report.