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Superannuation

Tribeca joins The Washington Post

The shareholders of leading education services provider Tribeca have given the nod to the group's acquisition by US-based Kaplan, a subsidiary of The Washington Post Company, for around $56 million.

Two charged over dodgy building insurance

HAMISH MADDEN  |  FRIDAY, 26 MAY 2006
Two men will face court over allegations they operated the Homesafe Equities builders warranty insurance business dishonestly and without proper license.

MLIM funds on hold but Rock solid

Merrill Lynch Investment Management (MLIM) managing director, Maurice O'Shannassy, spoke out after ratings firm S&P placed two MLIM funds on hold following management changes.

Slam the door on unlicensed advisers: ASIC

HAMISH MADDEN  |  THURSDAY, 25 MAY 2006
Step one - make sure your adviser has a license. Without it there is little hope they will comply with any legal obligations and a good chance you're going to get burnt.

MacarthurCook sets sail for Singapore

Property fund specialist MacarthurCook Fund Management is mounting an ambitious plan to gain a secondary listing of the ASX-listed MacarthurCook Property Securities Fund on the Singapore Stock Exchange by July.

New BT MTM line up avoids home bias

KATE HAGE  |  THURSDAY, 25 MAY 2006
BT has been carrying out some well reported shuffling of its multi-manager funds, and with the transitions all but complete the head of manager selection for the group said they have "avoided filling it with BT proprietary products."

Skandia selects six new funds

KATE HAGE  |  THURSDAY, 25 MAY 2006
Skandia has added six new funds to its investment menus, including an absolute return fund and a China fund, aimed at delivering consistent returns with less risk.

VFMC bears teething pains to woo top talent

The Victorian Funds Management Corporation's (VMFC) chief executive, Syd Bone, conceded it will be a tough recruitment period ahead as the group grows and restructures its investment team, with existing staff required to re-apply for their jobs.

InvestorWeb rates yield driven fixed interest funds

KATE HAGE  |  WEDNESDAY, 24 MAY 2006
Fixed interest has traditionally been seen as simply a defensive asset within a portfolio, but the players from InvestorWeb's recent review are behind a new trend towards yield driven and higher risk products.

Fiducian's $1bn platforms build on stellar 2005

HAMISH MADDEN  |  WEDNESDAY, 24 MAY 2006
Fiducian Portfolio Services continues to build on its massive 2005 financial year performance, announcing that its platforms are now home to $1 billion and its funds are continuing to deliver strong returns.