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Superannuation

Austcorp debentures get thumbs up from Lonsec

Diversified property group Austcorp plans to raise $30 million through a debenture product that has gained an 'investment grade' rating from Lonsec.

Consulting market tipped for further consolidation

According to industry sources, Intech Asset Consulting (Intech) is up for sale and an information memorandum is currently being circulated around the market in the hope of picking up a prospective buyer.

PIS set for a million dollar make-over

HAMISH MADDEN  |  FRIDAY, 26 MAY 2006
Professional Investment Services (PIS) has announced it has partnered with Million Dollar Round Table (MDRT) in a move designed to bring best practice to its substantial network.

Outflows to force Challenger fund re-opening

KATE HAGE  |  FRIDAY, 26 MAY 2006
Morningstar research has issued an updated report on the "tough times" being faced by Challenger small and micro cap funds of late, which they say has resulted in $100 million in institutional fund outflows.

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."