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Superannuation

Blaess to set INGIM listed property and infrastructure alight

Justin Blaess has been appointed as ING Investment Management's (INGIM) new director, listed property and infrastructure.

AXA trustee director asked to show cause

AAP  |  MONDAY, 6 JUN 2005
AXA Asia Pacific Holdings Ltd's domestic chief executive Andy Penn says he has the full support of the company after being issued with a notice by the prudential regulator.

Former NAB currency trader appears in court

Former National Australia Bank (NAB) currency trader David Bullen has appeared in the County court of Victoria charged with 19 counts of dishonestly using his position as an employee and one charge of obtaining a financial advantage by deception.

Treasury releases Future Fund tender

The Treasury Department has released the tender documents for the investment management components of the Future Fund giving interested parties just under one month to submit their application.

Dow Jones launches LPT index

Dow Jones has launched an Australian listed property trust (LPT) index to track LPT securities with the Sydney Futures Exchange (SFE) set to offer a derivative product based on the index.

St.George on mortgage backed securities Crusade

St.George Bank has announced a proposed Australian dollar mortgage backed securities issue, worth AUD 815 million, under its Crusade securitisation program.

Record year pays-off for MacBank execs

Macquarie Bank yesterday announced a massive increase of 67 per cent in after tax profit to $823 million and an increase of over 50 per cent in total remuneration for its executive directors and its top five executives to $93 million.

ASIC also a budget winner

The Australian Securities and Investments Commission (ASIC) is another beneficiary from the 2005/06 Federal Budget having been granted an additional $13.4 million over the next four years.

Super funds need to look offshore for private equity

Superannuation funds are expected to invest more in offshore private equity over the next two to five years as the industry matures and local opportunities shrink.

Gaol term or former HIH managing director

Former HIH Insurance managing director Australia Terry Cassidy has been sentenced in the NSW Supreme Court to 15 months imprisonment in regards to three criminal charges arising from his involvement in the collapse of the HIH group of companies.