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Superannuation

ASIC comes down on financial services fraud

A former director of Sydney financial services business, Pegasus Leveraged Options Group, has been sentenced to eight years jail after being found guilty of fraud worth $2.2 million to fund a personal gambling habit.

Risk should be on the agenda: Aust Unity

Amid concerns on the US economy and its impact on the local market, Australian Unity Investments (AUI) has launched a fixed income fund with a strong focus on managing risk and getting absolute returns.

BankWest continues its march east

To continue its eastward march, the growing WA regional bank has signed a deal with 7-eleven convenience stores to roll-out 350 branded ATMs up and down the eastern seaboard.

HFA wins Vision Super mandate

HFA Asset Management clinches a $60 million mandate from Vision Super.

TOWER is NZ FundSource manager of the year

TOWER Investments in New Zealand (NZ) has been named fund manager of the year by NZ research group FundSource.

Compliance in FSR advertising going to be difficult: Minter Ellison

At the Law and Finance conference yesterday, lawyer and Minter Ellison Partner, Stephen Etkind, warned that fund managers and institutional investors would have to be on their toes with their advertising standards.

Macquarie new property trust enters market

Macquarie's foundation investors have given overwhelming approval to its new Director Property fund with a 93 per cent show of support across all its syndicates.

Zurich sends team to help US hurricane victims

Zurich Financial Services Australia is sending a local team across the Atlantic to help deal with claims related to Hurricanes Katrina and Rita.

New absolute return bond fund for Julius Baer

Global fixed interest manager is breaking from tradition and is launching a global absolute return fund.

Quadrant first Tasmanian RSE

Quadrant has become the first Tasmanian-based superannution fund to be issued a Registrable Superannuation Entity (RSE) licence from the Australian Prudential Regulation Authority (APRA).