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Superannuation

Macq advisers launches actively-managed commodities fund

Macquarie Adviser Services hopes to address investor demand for an actively-managed commodities portfolio through its recently launched CSL Active Commodities Fund.

Sunsuper number two departs

Sunsuper's deputy CIO has left the group after "unforeseen" management changes left the role void.

S&P rates Fidelity property fund cautiously

Fidelity's global property securities fund has been assigned a tentative three star rating from S&P, with the research house questioning the weight of experience in the fund's team outside of the US.

Ord Minnett goes with RBC Dexia

Ord Minnett has appointed RBC Dexia Investor Services as the custodian and investment administrator for its new Enhanced Income Fund.

Exec option hedging may remove incentive

The emerging practice of executives hedging the equity option component of their remuneration may remove their performance incentive, an Institutional Shareholder Services (ISS) conference heard.

Snowball FUA reaches $1.8bn

Listed financial services group Snowball is living up to its name by posting a strong 71 per cent increase in funds under advice, reaching $1.77 billion in the six months ending December 2005.

Skandia to grow bigger under Old Mutual

Less than two weeks after Old Mutual bedded down its acquisition of Skandia, Old Mutual's Asia Pacific chief executive Hasan Askari has flagged plans to grow the group's newly acquired Australian operations.

Woolies goes shopping and finds AMP

In a major corporate super master trust churn, Woolworths Group Superannuation Scheme (WGSS) has signed on with AMP's Signature Super Master Trust, leaving behind Mercer after a four month review.

S&P rates Pengana "first mover" fund

Pengana's new Absolute Return Real Estate Fund has been assigned a three star rating from S&P and been touted as a "first mover" in its space.

Market wrap

AAP  |  FRIDAY, 3 MAR 2006
The Australian share market is expected to open lower, following a negative lead from Wall Street and European markets overnight.