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Superannuation

JB Were establishes mezzanine fund

WWW.THESHEET.COM  |  FRIDAY, 2 DEC 2005
Goldman Sachs JB Were yesterday began public relations and marketing for a short campaign to raise $300 million for a mezzanine debt fund.

Keep it short and simple: ASIC

Financial services regulator ASIC has made changes to the Corporations Act that will allow providers of general financial product advice to provide shorter, simpler general advice warning when they give oral general advice.

Austcorp hybrid to fund pipeline projects

Property manager, Austcorp Property Group plans to raise $50 million through the issue of a new hybrid security called Austcorp TOWERS, which will help fund big pipeline developments.

Take CARE with your corporate super

Leading public offer industry fund CARE Super has continued its services expansion by launching an enhanced corporate version for employers wanting a more tailored and flexible super solution.

Aon predicts 2006 risk issues

Risk and insurance specialist Aon predicts that staff retention, outsourcing and climate change will be the dominant risk concerns over the next few years.

Strategic Finance rated B1: Rapid Ratings

Strategic Finance Limited (SFL) has received a B1 credit rating by international corporate ratings agency, Rapid Ratings.

Vision and CARE merger 'talks' to tackle fund differences

Vision and CARE super have confirmed they are in merger talks, and while they concede that they are very different funds, senior management says 'if it's good for members, it's good for us.'

QIC scoops HESTA$100m mandate

QIC has received a timely injection of cash as it launches its QIC international small companies fund (ISCF), in the form of a $100 million mandate from health and community services industry fund, HESTA.

Charity begins at Hunter Hall

Ethical investment manager Hunter Hall International is to donate 5 per cent of its 2005 pre-tax profits to charities, and urges other fund managers to adopt similar philanthropic measures.

Rei Super gains APRA licence

Rei Super has been awarded its Registrable Superannuation Entity (RSE) licence by APRA, seven months ahead of the July 2006 deadline.