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Superannuation

Mining managers wary of funds fleeing

AAP  |  THURSDAY, 8 JUN 2006
Despite huge profits, top mining managers are becoming increasingly concerned about strong investment inflows into the commodities markets emanating from fund managers, fearful that an exodus of funds from the same managers could trigger a pricing landslide.

Mercer breaks into retail MTM

Mercer Global Investment (MGI) announces its arrival into the retail multi-manager (MTM) market space this week after carving its reputation in institutional MTM 10 years ago.

Restructured Fidelity Japan fund rated by S&P

KATE HAGE  |  THURSDAY, 8 JUN 2006
S&P has rated the Fidelity Japan Fund three stars, finding that the fund's restructure late last year and a new fund manager, Nick Price, have rebooted it to deliver higher returns while adding new products to its original core mix.

MIR wins back its five star ratings

HAMISH MADDEN  |  WEDNESDAY, 7 JUN 2006
S&P has reinstated the five star ratings of four of MIR's equities funds which were placed on hold in May as a result of organisational changes.

UBS sets sights on global infrastructure

UBS Australia will be using the worldwide reach of its Swiss parent to offer Australian investors a slice of the global infrastructure market.

Pillar to get $4.5 million IT upgrade

ALEX DUNNIN  |  WEDNESDAY, 7 JUN 2006
Super fund administrator Pillar is to get a $4.5 million IT hardware and data storage upgrade.

ASIC charges four over margin lending scam

HAMISH MADDEN  |  WEDNESDAY, 7 JUN 2006
Four people have been charged by the Australian Securities and Investments Commission (ASIC) regarding unlawful and misleading conduct which resulted in Sydney investors taking out and subsequently defaulting on Macquarie Bank Margin Lending loans.

Westpoint fundraiser's last minute dash

KATE HAGE  |  TUESDAY, 6 JUN 2006
On Sunday Neil Burnard, disgraced businessman and director of Palentia, the alleged fundraiser for the toppled Westpoint group, returned to Australia after he was refused entry in a last minute dash to the United States after a last minute dash to remain ...

AMPFP scraps industry funds

HAMISH MADDEN  |  TUESDAY, 6 JUN 2006
AMP Financial Planning (AMPFP) has announced it is removing industry funds from its approved product list, citing a lack of client demand.

Lonsdale launches into SMAs with Direct Portfolio

HAMISH MADDEN  |  TUESDAY, 6 JUN 2006
Lonsdale Financial Group has announced that it is partnering with Direct Portfolio Services to roll-out separately managed account (SMA) capabilities to its adviser network.