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Superannuation

Babcock & Brown buy up ESH

Global investment and advisory firm, Babcock & Brown has increased its holding in European utilities company, East Surrey Holdings (ESH), to 10.5 per cent up from its previous 2 per cent level.

State Street launches global alpha strategy

State Street Global Advisors, the investment management arm of State Street Corporation, has launched a new Global Alpha Plus Strategy aimed at seeking active returns in global equities.

Tasplan poised to reach $1 billion

Tasmanian-based industry superannuation fund Tasplan has boosted its membership to 100,000 and is poised to reach the $1 billion funds under management (FUM) mark within eighteen months.

Macquarie strengthens foothold in Asia REITs sector

Macquarie Bank has strengthened its foothold in the Asia Pacific property market after exercising a call option in a Singapore-based real estate investment trust (REIT).

Mellon and WestAM strike global distribution deal

Mellon Financial Corporation and WestLB AG, known locally as WestAM, have agreed in-principle to establish a global jointly-owned asset management business to work in concert with their current businesses.

MFS assets tops $3 billion

McLaughlins Financial Services Limited (MFSL) is the new Responsible Entity (RE) for the PH Sydney Hotel Trust and the Challenger Howard Property Trust, boosting MFS' assets under management to more than $3 billion.

Mariner American Property Income Trust raises $50 million

Mariner's American Property Income Trust (MAPIT) has raised $50 million from its initial capital raising and will list on the Australian Stock Exchange this Friday.

Colonial First State top quartile world manager: Watson Wyatt

Colonial First State was ranked as the largest Australian asset manager for 2004, according to a Watson Wyatt survey of the top 500 fund managers from across the world.

Russell goes lifecycle

Global multi-manager leader Russell Investment Group has launched an integrated series of diversified multi-manager superannuation investment funds called the Russell Life Points Target Date Portfolios.

Asset awards AAS admin tender contract

Asset Super, with 114,000 members and over $1billion under management, have awarded AAS the tender for its fund administration contract.