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Superannuation

Macquarie Goodman to raise $150 million

AAP  |  TUESDAY, 16 MAR 2004
Macquarie Goodman said today it will raise $150 million with the completion of a placement to fund business activities.

Macquarie Korea fund acquires two more assets for $239 million

AAP  |  MONDAY, 15 MAR 2004
Macquarie Bank Ltd's Korean road fund has acquired two more assets for $239 million, continuing the Australian investment bank's expansion into that country.

S&P lowers NAB rating to AA-minus from A

AAP  |  MONDAY, 15 MAR 2004
Standard & Poor's Ratings Services said that it has lowered its long-term counterparty credit rating on National Australia Bank Ltd (NAB), and related entities, to AA-minus from AA.

NAB report reveals critical weaknesses

WITH AAP  |  FRIDAY, 12 MAR 2004
A report released today into the National Australia Bank's (NAB) foreign exchange scandal revealed critical weaknesses in the bank's culture, governance and risk frameworks.

Super growth funds on a high in February: InTech

Superannuation growth funds continued their upward performance trend in February, with the median growth manager gaining 1.7% to produce strong returns of 8.1% for the financial year to date.

PM Capital launches long-only Aussie equity retail fund

Colonial First State has announced an exclusive agreement with PM Capital which will bring the first long-only Australian equity fund managed by PM Capital available to the retail market.

Macquarie to take up to 16% stake in IBA

AAP  |  FRIDAY, 12 MAR 2004
Australian investment bank Macquarie Bank said it had agreed with Torex to acquire more than 12 million IBA Health shares.

NAB currency scandel cements four pillars policy: Fels

AAP  |  FRIDAY, 12 MAR 2004
The National Australia Bank currency scandal ensured the "Four Pillars" bank policy will stay for years, according to the country's former competition watchdog Allan Fels.

MFS enters agreement to acquire Australian Alpine Enterprises

AAP  |  THURSDAY, 11 MAR 2004
Fund manager MFS Group said today it has entered into agreements to acquire Australian Alpine Enterprises from joint owners, Australian Retirement Fund and Retail Employees Superannuation Trust.

ASX boss says super should be freed to fund infrastructure

AAP  |  THURSDAY, 11 MAR 2004
The boss of the Australian Stock Exchange has called on the government to allow amassed superannuation savings to fund infrastructure projects here and overseas.