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Superannuation

Snowy Hydro not for sale

HAMISH MADDEN  |  FRIDAY, 2 JUN 2006
The Prime Minister has announced today that the plan to privatise the Snowy Hydro has been shelved amid massive public outrage.

MERs out of date and disclosure still an ordeal: Westbrook

HAMISH MADDEN  |  THURSDAY, 1 JUN 2006
In recounting the significant superannuation changes over his 30 years in the industry, chief executive officer of FuturePlus, Brett Westbrook, said that MERs would become a thing of the past but disclosure was still haunting us.

Urban Pacific wins prestigious global real estate award

Melbourne-based Urban Pacific's residential development KensingtonBanks has won the prestigious international real estate award, theFIABCI Prix d'Excellence, this year.

Walter Scott Global Equity still recommended: Zenith

It's been barely a month since the sale of Edinburgh based boutique manager Walter Scott Partners (WSP) to US-based investment titan Mellon Financial for an undisclosed sum, but ratings firm Zenith has retained its recommended rating on the locally available ...

Emerging markets out, Japan in

The latest weekly report by US-based Emerging Portfolio Fund Research(EPFR) revealed that investors are bailing out of the market with $10billion of outflows on equity funds tracked by the group in the weekending May 24.

Lights, cameras, investment action

Australian film finance company Future Films Australia has launched an investment fund to appeal to savvy investors who want to invest in film but want do it through a properly structured vehicle.

INVESCO global funds back to four stars

HAMISH MADDEN  |  WEDNESDAY, 31 MAY 2006
INVESCO has had the ratings on its Global Matrix Funds reinstated to four stars by Navigator Research, after the funds were placed on hold due to staff departures.

Bravura set to fire with ASX listing

KATE HAGE  |  WEDNESDAY, 31 MAY 2006
Superannuation software solutions and consulting group Bravura Solutions is seeking to raise around $40 million through an Australian Stock Exchange (ASX) listing and has just lodged a prospectus with the Australian Securities and Investments Commission ...

Investors get money back from failed mortgage scheme

HAMISH MADDEN  |  WEDNESDAY, 31 MAY 2006
Thirty-seven Queensland investors have recovered money invested in a failed solicitor's mortgage scheme which the Federal Court found negligently and deliberately misled them.

Aussie fund frontrunner for Bank of China $12bn float

Investors in a little known Sydney-based fund Premium China Fund could become the early beneficiaries of the Bank of China's initial public offering (IPO), one of the most widely anticipated and sought after floats of the decade.