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Superannuation

HSBC launches global fund of hedge funds

HSBC Asset Management will next month launch a global fund of hedge funds aimed at institutional investors.

VFMC to launch infrastructure fund

Implemented consulting giant Victorian Funds Management Corporation (VFMC) is to launch a new infrastructure fund, which it estimates should reach $600 million of funds under management in the first 12 months.

S&P says consolidation in Listed Property sector is slowing

AAP  |  FRIDAY, 19 MAR 2004
Standard & Poor's said yesterday that the consolidation in the Australian property trust sector seen in 2003 appears now to be slowing.

AMP Capital proposes IPO of DUET, establishes joint venture with Macquarie

AAP  |  THURSDAY, 18 MAR 2004
AMP Capital Investors, the manager of the Diversified Utilities and Energy Trusts (DUET), today announced a proposed initial public offering of DUET.

Macquarie Airports gets KPMG nod for Euro fund buyout

AAP  |  THURSDAY, 18 MAR 2004
KPMG has endorsed a plan by Macquarie Airports (MAp) to swallow its European investment fund, clearing a key hurdle to stitching up the deal.

ANZ formalises Panin Bank state

AAP  |  THURSDAY, 18 MAR 2004
ANZ Banking Group has strengthened its relationship with PT Panin Bank by formalising its 29% economic interest in Indonesia's ninth largest private commercial bank.

AMP Income Securities buyback offer opens

AAP  |  WEDNESDAY, 17 MAR 2004
Financial services and insurance group AMP Ltd said today it has reached agreement with the trustee for the group's Income Securities to amend the terms of the securities.

Study shows many Australian retirees on low incomes

AAP  |  WEDNESDAY, 17 MAR 2004
The majority of retired Australians are living on no more than $320 per week, but that hasn't deterred people from leaving work years before the traditional retirement age, a study released yesterday found.

Challenger says divests non core property assets

AAP  |  TUESDAY, 16 MAR 2004
Diversified financial services company Challenger Financial Services Group said today it has entered into unconditional contracts for the sale of 11 properties to Cromwell Corporation for $152 million.

ASIC warns consumers are target of offshore fraud

AAP  |  TUESDAY, 16 MAR 2004
The Australian Securities Investment Commission (ASIC) has warned that unlicensed offshore stockbrokers have re-emerged in Australia, targeting consumers interested in maximising their superannuation.