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Superannuation

Cave pops up at Russell

Russell Investment Group has appointed former Challenger senior manager research and alliances Kathy Cave as portfolio manager fixed income in its Investment Management and Research (IM&R) team.

Mariner draws on US property team for new trust

Mariner Financial will leverage off its US-based property team and launch an American property trust - Mariner American Property Income Trust (MAPIT) - which it plans to list on the Australian Stock Exchange later this year.

Market Wrap

AAP  |  MONDAY, 4 JUL 2005
The Australian share market is expected to open weaker as sharp falls in base and precious metals overnight set a negative tone for the domestic market.

Tribeca offloads compliance to Paragem

Tribeca Learning has sold its compliance business to Paragem Partners, the new firm started up by former Sealcorp head Ian Knox.

Balanced approach from regulators re Choice

The Australian Taxation Office (ATO) and the Australian Securities and Investments Commission (ASIC) have jointly released a booklet outlining the compliance approach to the impending choice of fund environment.

BNP Paribas Securities signs up HiPortfolio/3

BNP Paribas Securities Service has become the second custodian to sign up for DST International's (DSTi) new HiPortfolio/3 service since April.

Manager-of-managers investing still on the rise

Cerulli Associates' fourth annual survey of the manager-of-managers market has found assets in multi-manager products increased by 32 per cent in 2004.

Former NAB currency options trader jailed

Former head of the National Australia Bank's (NAB) foreign currency desk, Luke Duffy has been sentenced to 29 months imprisonment following three charges brought by the Australian Securities and Investments Commission (ASIC).

Asgard, Macquarie provide best service

Macquarie provided the best level of service for a fund manager in 2005 and Asgard elements the best service for a master trust/wrap according to the latest Assirt/Wealth Insights Service Level Survey.

Charges against HIH dep chair dismissed

The Local Court of NSW has ordered a criminal charge against former HIH Insurance deputy chairman Charles Abbott be dismissed.