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Superannuation

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.

Ipac appoints Challenger to add active return

Ipac is adding active return to it's Australian Shares manager portfolio by reshuffling it to include Challenger Financial Services Group.

Westpac Staff Super changes its SRI policy on uranium

Westpac Staff Super has dropped its Socially Responsible Investment (SRI) policy ban on uranium mining stocks, to exclude only those companies who mine it 'directly' for weapons manufacture.

AXA's Andy Penn fights APRA ban

Axa Asia Pacific Holdings' senior executive Andy Penn has lodged an appeal against APRA's decision to ban him from running a superannuation fund.

ING launches offshore property fund

ING Investment Management (INGIM) has launched a global-listed property fund that will give Australian investors access to the world's best performing property sectors.

Aust Unity moves Defined Income Trust to Vianova

Australian Unity Investments (AUI) has moved the management of its Defined Income Trust to its joint partner Vianova Asset Management.

Morningstar sees benefits in Tyndall's active approach

Tyndall's Australian Share Wholesale Portfolio (TASWP) provides the greatest diversification benefit away from the index compared with many active Australian equity managers according to a Morningstar report.