In a new report which overturns the previously held belief that fund managers are legally required to chase profit above all, a United Nations grouping has found institutional investors must take into consideration ‘green’ issues when making investment decisions and could be sued for not doing so.
MLC Long Term Absolute Return Portfolio
MLC launches a multi-sector, multi-manager portfolio for retail investors.
Legal stoush looms over use of 'super ratings' on search engines
The competitive world of superannuation ratings houses may spill over into the courts with a dispute between SuperRatings and Heron Partners over some internet advertising on Yahoo and NineMSN.
A New Paradigm in Funds Management' – 22 conference sessions in one day
The Investment & Technology 2006 conference –‘A New Paradigm in Funds Management’ – is to be held at the Sydney Hilton Hotel on February 7, with about 30 speakers covering 22 sessions in one day. A special half-day workshop on multi-manager management, conducted by Cerulli Associates, will be held the following day.
Russell puts international property on the map with new hire
Russell Investment Group believes international property will continue to grow as an asset class and has appointed a head of property, Asia Pacific, to look at strategies including the possible launch of an unlisted global opportunistic real estate fund next year.
BGI and Macquarie win funds flow battle
Barclays Global Investors dominated wholesale new fund business and the Macquarie group dominated retail new business over the past year, according to the preliminary S&P Market Share Report for the September quarter.
Mason joins elite list of worldwide partners at Mercer
Russell Mason, a principal in the Mercer Human Resources Consulting Sydney office, has been appointed a worldwide partner of the firm.
Westscheme fund to use Resnik software
The $1.5 billion Westscheme super fund has signed a deal to licence financial planning and projection software by Customer Acquisition and Retention Management (CARM).
Credit unions back Bridges partnership plan
Australian Wealth Management (AWM) has cemented its relationship with the Credit Union Services Corporation of Australia (CUSCAL) with all but two existing credit unions signing AWM’s new referral incentive agreements.
Tower to price check supermarket insurance sales
Tower could soon distribute its life and risk insurance products through supermarket chains and mortgage brokers in a bid to effectively reach middle Australia.
Industry fund targets DIY market with low-cost option
The $7 billion construction and building industry super fund Cbus will launch a new investment and insurance product for its members with account balances over $50,000 this week.
Now it’s Vision Super and CARE in mega-merger talks
Vision Super and CARE Super are understood to be discussing a merger which will, if it goes ahead, create a fund with close to $4.5 billion in funds under management.
