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Superannuation

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).

MLC and Aon take out top insurance awards

KATE HAGE  |  WEDNESDAY, 26 JUL 2006
MLC Insurance took out the life insurance company of the year award at the Australian and New Zealand Insurance Industry Awards, with Aon Australia being named broker of the year for the second consecutive year.

Westpac offloads $300bn sub-custody business to HSBC

Westpac Banking Corporation has announced it is to sell its sub-custody business in Australia and New Zealand, with assets under custody of over $300 billion, to HSBC for $150 million.

Staff churn afflicts underperforming small cap sector

KATE HAGE  |  TUESDAY, 25 JUL 2006
Staff churn affected one-quarter of Australian small cap managers. This at a time when the sector notably underperformed could help drive down the ratings of 25 per cent of all S&P rated managers.

Coin to underpin Wealthsure

HAMISH MADDEN  |  TUESDAY, 25 JUL 2006
Macquarie owned Coin Software will be rolling out its software to 130 Wealthsure planners following an announcement that the two had entered into a strategic partnership.

Perennial Real Estate scores mandate and moves past $1.5bn

HAMISH MADDEN  |  TUESDAY, 25 JUL 2006
Perennial Real Estate Investments has scored a global property securities mandate from Australian Primary Superannuation while announcing a milestone achievement of $1.5 billion in funds under management.

ASIC plays educator on the radio

The Australian Securities and Investments Commission (ASIC) has launched a six part radio series, Your Money, designed to help consumers distinguish genuine financial opportunities from scams.