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Superannuation

From NZ Super to the Future Fund - Costello's next step

The New Zealand Superannuation Fund's outgoing chief executive, Paul Costello, stressed that it is early days yet to talk about his new role but if NZ Super's performance track record is anything to go by the Future Fund is in good hands.

SERF awards MLIM $85m portable alpha mandate

The $1.5 billion Stevedoring Employees Retirement Fund (SERF) has awarded Merrill Lynch Investment Managers (MLIM) an $85 million institutional mandate to invest in a portable alpha strategy with a twist.

NZ Super Fund scores big but cautions on the future

The New Zealand Superannuation Fund has posted better than expected returns for the third year in a row but has cautioned that its current level of performance will not be sustainable over the long term.

Australian agribusiness will be China's breadbasket

ALEX DUNNIN  |  FRIDAY, 1 SEP 2006
Australian agribusiness produces 40 per cent more than California and this means Australia has a huge opportunity to become the breadbasket of China, according property and agribusiness specialist SAITeysMcMahon (SAITM).

Five major banks spend six times more on ads than super sector

WWW.THESHEET.COM  |  FRIDAY, 1 SEP 2006
Bank spending on advertising for traditional, super and insurance products surged during the June 2006 quarter to its highest level in years, according to estimates compiled by AC Nielsen.

Hedge funds set to splurge on IT

HAMISH MADDEN  |  FRIDAY, 1 SEP 2006
In the past the hedge funds sector has not proven fertile ground for IT providers, but a new report suggests all that is about to change with the sector's IT investment set to grow to $3.3 billion by 2009.

MTAA speeds past $4bn

HAMISH MADDEN  |  FRIDAY, 1 SEP 2006
The Motor Trades Association of Australia Superannuation Fund (MTAA Super) has just broken through the $4 billion mark in funds under management, with $1 billion tumbling into the coffers in just the last year.

Suncorp increases market share and profits

Suncorp's announcement of $1 billion in underlying profit in its annual results has triggered the possibility of a share buy-back - good news for investors.

Industry funds warn on master trust switching

HAMISH MADDEN  |  THURSDAY, 31 AUG 2006
Industry Funds Services (IFS) has warned Australians to carefully check their super fees after changing jobs and to be on the lookout in case their new employer signs them on to a higher fee master trust.

UniSuper revises major mandates

HAMISH MADDEN  |  THURSDAY, 31 AUG 2006
UniSuper has announced sweeping changes to its public markets portfolio on the back of a detailed review of major asset classes.