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Superannuation

Future Fund open to alternatives

Hedge funds and alternative investments will not be ruled out of the Future Fund according to Treasury officials, ending months of uncertainty that kept hedge and alternatives fund managers on tenterhooks.

Investing in residential property should be Devine

Listed property developer Devine Ltd is set to expand into funds management, adding to the increasing number of property developers dipping their toes in financial services as a more direct source of inflows.

Wholesale funds post 400 per cent rise: S&P

S&P has reported that favourable market conditions produced "impressive" net fund flows in the three months to September 30, with wholesale funds net fund flows rising a massive 411 per cent quarter-on-quarter.

ClearView to Coin software for planners

Coin Software Pty Ltd (Coin), a now wholly owned subsidiary of Macquarie Adviser Services, will supply planning software to MBF Group member, ClearView Retirement, under a deal that was announced yesterday.

Art of giving high on the agenda

Philanthropy consultant Enrich Australia is to launch 'Profitable Giving' early next year, an educational tool that gives financial planners a roadmap on philanthropy, now a $5 billion a year industry.

Out with local, in with global managers at QIC

QIC has rebooted its international equities fund, cutting local managers but expanding its global line up, adding four new global equity mandates and one US equity mandate.

Vision return to Russell

Vision Super has reappointed Russell Investment Group (Russell) to the role of actuarial and benefits consultant, after a competitive tender brought them back for more.

Market Wrap

AAP  |  THURSDAY, 8 DEC 2005
The Australian share market is expected to open weaker as a poor lead from the US weighs on local markets. Energy companies are likely to be hardest hit after softer oil prices overnight.

Costello pledges $18bn to pump-prime his Future Fund

The Future Fund legislation will be pushed through Parliament today, with Treasurer Peter Costello announcing an initial allocation of $18 billion towards the fund charged with managing the federal government's unfunded super liabilities.

General Motors mortgages driving down to Australia

WWW.THESHEET.COM  |  WEDNESDAY, 7 DEC 2005
General Motors Acceptance Corp will open a mortgage funding business in Australia during the first quarter of 2006.