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Superannuation

Australian Unity offer new property fund to retail and wholesale investors

Australian Unity Investments (AUI) has pushed its property management credentials further with the release of wholesale and retail versions of a geared property income funds, following the recent release of a high yield mortgage trust.

HIP adjusts its manager line-up

Health Industry Plan (HIP) superannuation fund has amended its manager line-ups with State Street taking over from Barclays Global Investors (BGI) in HIP's Australian equities portfolio, and a combination of Capital International and Bank of Ireland ...

NAB Currency Options Trader pleads guilty

National Australia Bank's currency crisis continues with former NAB head of foreign currency options desk, Luke Duffy pleading guilty to three counts of dishonestly using his position as an employee to gain advantage for himself and others.

APRA disqualifies more HIH senior executives

The Australian Prudential Regulation Authority (APRA) has made further disqualifications regarding former senior executives of HIH Insurance with Frederick Lo, Roger Colomb, and Terrence Cassidy all banned from being or acting as a director or senior ...

Aberdeen wins super mandate for China fund

Aberdeen Asset Management has signed its first superannuation investment mandate for its China Opportunities Fund with Kraft Foods committing to $2.5 million to the fund.

ING selected to run Visy Corporate Super Fund

Visy Industries, a specialist in paper and packaging, and among the largest industrial companies in the nation, has decided to outsource its corporate superannuation, with over $200 million in funds under management, to ING Corporate Super.

ING posts strong profit but flags more work ahead

ING Australia has increased its net profit after tax by 52 per cent to $327 million for the year to the end of December however chief executive officer Paul Bedbrook has stated the group has some work remaining ahead of it.

Intech joins forces with Quentin Ayers

Investment consultant Intech has formed a commercial alliance with Quentin Ayers in a move allowing its clients to have access to the services of a recognised alternative asset consultant.

57.1% boost to Macquarie Goodman profit

AAP  |  FRIDAY, 11 FEB 2005
Macquarie Goodman Group today reported a net profit of $111.1 million, a rise of 57.1 per cent, for the six months to December 31, 2004.

MTAA Super consolidates private equity position

The Motor Trades Association of Australia Superannuation Fund (MTAA Super) has entered into a $30 million joint venture capital fund with the Australian National University (ANU) and the ACT Government to help develop new businesses in the ACT.