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Superannuation

S&P gives Basis funds Five Stars

Standard & Poor's (S&P) have given five star ratings to two Basis Capital funds, the Basis Aust Rim Opportunity Fund and the Basis Yield Fund.

Absolute Capital warns of risks in structured products

Boutique structured credit fund manager Absolute Capital has warned that investors should take extra care when investing in structured products as they believe the favourable credit environment the Australian market has enjoyed in the past two years ...

Finsuper and STA join forces

Financial services industry super fund Finsuper has announced it will join forces with Superannuation Trust of Australia (STA).

Principal property "Exceptional Buy": InvestorWeb

Asset managers Principal Global Investors have received an "Exceptional Buy" rating for its property securities fund, from research house InvestorWeb.

New global shares boutique for Australia

Edinburgh-based boutique global equities investment manager Martin Currie is making a push to win over Australian investors by leveraging their expertise in the booming resources sector.

GESB posts high member take-up

Western Australian-based superannuation fund GESB is growing its funds under management (FUM) by more than $20 million per week thanks to larger voluntary member contributions and higher member take-up of their retirement products.

AUI to launch two new property trusts

Australian Unity Investments (AUI) is to launch two new open-ended property trusts next year following a restructuring of its property team this month.

Mercer HR acquires Watson Wyatt NZ

Leading human resources consulting group Mercer Human Resource Consulting has announced it has completed its acquisition of Watson Wyatt NZ, a move that will effectively double the size of its New Zealand operations.

Colonial finds inaccuracies in S&P rating

Colonial First State (CFS) says S&P got it wrong when they said the fund was not looking to appoint another portfolio manager, after the ratings group downgraded nine funds run by CFS, following the departure of senior portfolio manager Simon Hudson.

ESS and SSF super fund talks deadlocked

Union representatives are deadlocked with the Victorian government over the proposed merger of the Emergency Services Superannuation Scheme (ESSS) and the State Superannuation Fund (SSF) amid their concerns members' defined benefits could be reduced.