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Superannuation

Commonwealth revives Colonial hybrid

WWW.THESHEET.COM  |  TUESDAY, 19 SEP 2006
Commonwealth Bank's treasury managers have revived a controversial funding structure to sell $700 million in hybrid capital.

RBC Dexia appointed fund admin for GS JBWere AM

HAMISH MADDEN  |  TUESDAY, 19 SEP 2006
Goldman Sachs JBWere Asset Management (GS JBWere AM) has appointed RBC Dexia Investor Services as fund administrator and transfer agent for its $8 billion Australian portfolio.

Southern Cross aims to invest early with VC fund

HAMISH MADDEN  |  TUESDAY, 19 SEP 2006
Southern Cross Venture Partners has launched a $200 million venture capital fund with a focus on early stage investments and propelling new Australian businesses on to the global stage.

Advice scam nets accountant 8 years inside

HAMISH MADDEN  |  TUESDAY, 19 SEP 2006
An accountant who fleeced nearly $1 million from investors through his financial advice business has been jailed for eight years.

Preferred partner menus don't compromise quality: Asgard

Asgard Wealth Solutions' chief executive, Geoff Lloyd, has dismissed concerns that the group's proposed preferred partner program compromises the quality of their investment menus.

Members Equity seeks alternative source of capital

WWW.THESHEET.COM  |  MONDAY, 18 SEP 2006
Members Equity Bank is sounding out investors for the sale of $50 million of deeply subordinated debt, with the bank obliged to consider alternative sources of quasi-equity in light of a series of policy changes by the banking regulator.

OptiMix adds emerging markets to diversified portfolio

HAMISH MADDEN  |  MONDAY, 18 SEP 2006
OptiMix will include global emerging markets as an asset class in three of its diversified funds, citing diversification benefits and potentially higher returns as primary reasons for the shift in strategic asset allocation.

Coming soon: Virgin personal loans

Virgin Money Australia is set to shake up the personal loans sector by introducing a personal loan product that gets rid of exit or early repayment fees and promises quicker turnaround times for loan applicants.

Mellon scores $10m global alpha mandate

HAMISH MADDEN  |  MONDAY, 18 SEP 2006
Mellon Global Investments Australia has been awarded a $10 million mandate from MasterSuper.

Market Wrap - midday

AAP  |  FRIDAY, 15 SEP 2006
The Australian share market was lower at noon pulled down by the big miners.