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Superannuation

Mirvac to build houses for golf lovers

Property giant Mirvac Group has signed up an acquisition and development agreement to develop a $120 million residential block overlooking the Greg Norman-designed Brookwater Golf Course near Brisbane.

Asgard makes shares easy through E*Trade

Asgard Wealth Solutions has chosen online broker E*TRADE Australia to power the platform's shares transaction and settlement services.

Vanguard says volatility points to indexing

HAMISH MADDEN  |  FRIDAY, 28 JUL 2006
If you are looking for your cash plus returns back in a year's time, then roll the dice but Vanguard doesn't want to know about it. If you are serious about a genuine long-term horizon, though, then indexing is a better than average bet.

AMP caught on conflicts

KATE HAGE  |  THURSDAY, 27 JUL 2006
AMP Financial Planning has been pulled up by the regulator for giving 300 clients unnecessary or inadequate super switching advice and having inadequate conflicts of interest procedures in place.

Centro grows on virtues of diversification

HAMISH MADDEN  |  THURSDAY, 27 JUL 2006
Centro Property Group's direct property trusts have continued to outperform and the group is not only trumpeting their performance figures but the diversification benefits on offer.

First Capital and Explorer to launch SMSF wrap 'OzSuper'

ASX listed finance group First Capital is set to acquire separately managed account (SMA) provider Explorer Group for $14.6 million and launch what it claims is the first self-managed super fund (SMSF) wrap in the country.

AMP Cap Investors revs up global direct property

HAMISH MADDEN  |  WEDNESDAY, 26 JUL 2006
AMP Capital Investors has launched its new Global Direct Property Fund, aimed at satisfying the Australian appetite for property investment in a market with dwindling opportunities.

Macq merges hedge funds to form $1bn MQ

HAMISH MADDEN  |  WEDNESDAY, 26 JUL 2006
Macquarie Bank's Equity Markets Group has announced that it is combining its separate hedge fund businesses under the name MQ Specialist Investment Management (MQ) to form a combined $1 billion heavy hitter.

QIC hands global mandate to Altrinsic

HAMISH MADDEN  |  WEDNESDAY, 26 JUL 2006
QIC has awarded a $60 million global equity mandate to Altrinsic Global Advisers.

GPE give super funds access to Witchery

KATE HAGE  |  WEDNESDAY, 26 JUL 2006
Several Australian superannuation funds may now be in the fashion business due to a buy-out of well known Australian fashion brand Witchery by private equity and leverage buy-out group Gresham Private Equity (GPE).