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Superannuation

State Super hands mandates to Fidelity and Alliance Bernstein

KATE HAGE  |  TUESDAY, 5 SEP 2006
State Super Financial Services Australia has awarded Australian equities mandates to Fidelity for $150 million and to Alliance Bernstein for $300 million.

Bravura partners with Statewide for super development

HAMISH MADDEN  |  MONDAY, 4 SEP 2006
Bravura Solutions has announced a foundation partnership with Statewide Financial Management Services, the super administration arm of industry fund Statewide Super, to develop the next generation of the Sonata SuperB superannuation administration platform.

Macq talks up its quiet achiever in geared property

HAMISH MADDEN  |  MONDAY, 4 SEP 2006
Macquarie is trumpeting the virtues of one of its lesser known but high performing geared property funds this week, citing outperformance of 7.1 per cent and a focus on high levels of income as reasons to take a second look at the fund after three years ...

Japanese sign on to Aussie services provider

KATE HAGE  |  MONDAY, 4 SEP 2006
An Australian software and service provider's investment management system has been selected by one of Japan's largest asset managers, Nissay Asset Management (NAM), to streamline its funds management operations into one integrated platform.

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.