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Superannuation

Guild acquire Investment Nominees

KATE HAGE  |  MONDAY, 7 AUG 2006
Guild Financial Services, a subsidiary of the Guild Group, has merged with the trustee of Australian Childcare Super Fund (ACSF), Investment Nominees of Australia, acquiring 100 per cent of the company's shares.

ASIC issues disclosure guidelines for super trustees

HAMISH MADDEN  |  FRIDAY, 4 AUG 2006
The Australian Securities and Investments Commission (ASIC) has issued a new policy detailing guidelines for superannuation trustees regarding the delivery of product disclosure information about investment strategies to members.

Private equity cash cow keeps growing

KATE HAGE  |  FRIDAY, 4 AUG 2006
Private equity was being promoted yesterday as the major alternative source of returns for fund managers with the promise of returns as high as 31 per cent year on year over 20 years.

Labor unveils plan to export financial services

KATE HAGE  |  FRIDAY, 4 AUG 2006
Kevin Rudd, Shadow Minister for Foreign Affairs and Trade and International Security, won a lot of votes from a hardened crowd at yesterday's annual Investment and Financial Services Association (IFSA) conference by unveiling a plan to rebuild Australia's ...

Design menus to encourage proper choices: MLC

ALEX DUNNIN  |  FRIDAY, 4 AUG 2006
Consumers thrive on having choice, but the way this plays out when choosing investments can be self-destructive if the choice arrangements are poorly designed.

Citigroup revamps hedge fund platform

Citigroup Corporate and Investment Banking has developed a new end-to-end hedge fund platform that it said will allow hedge fund managers to do multi-strategy, multi-asset class and multi-currency investing under one roof.

Market wrap

AAP  |  FRIDAY, 4 AUG 2006
The share market is expected to open weaker, following a surprise lift in rates by the Bank of England (BOE) and the European Central Bank (ECB). On the Sydney Futures Exchange at 0738 AEST, the September share price index contract was down 11 points ...

In dividends we trust: AQR

A leading US-based money manager on a whirlwind visit to Australia regaled his audience at a BT Financial briefing with his thoughts on market behaviour and concluded that when it comes to making money, companies that pay dividends rule.

CFDs account for 35 per cent of UK trades: GreensCFD

ALEX DUNNIN  |  THURSDAY, 3 AUG 2006
New contracts for difference (CFD) operator GreensCFD is the latest player to step into a booming market for these ultra-flexible investment instruments.

Demand absorbs 9 per cent increase in office supply: PCA

ALEX DUNNIN  |  THURSDAY, 3 AUG 2006
Tenant demand for commercial office property is driving down vacancy rates despite increasing supply in the property market.