Tag Archives: plantations
New Funds: May 20
http://www.ft.com/cms/s/0/b106c054-bef4-11e2-87ff-00144feab7de.html#ixzz2U1nHMF00 ● Diapason Commodities Management is launching a ForestCare Investment fund, which will invest in forestry-related equities, bonds and derivatives, as well as forest plantations on a sustainable basis. Aimed at pension funds and institutional investors, the A class shares (€125,000 minimum investment) carry a 1.45 per cent management fee while the institutional class shares (€1m minimum investment) charge 95bp. ● Russell Investments has expanded its fund range with the Russell Absolute Return Bond fund (RARBF). ● RWC is to launch the RWC Global Horizon fund, a long-only unconstrained global equities fund. It will be managed by Louise Keeling who joined in April from Marathon Asset Management. Fees have yet to be finalised. ● Allianz Global Investors has brought to market the Allianz Europe Equity Growth Select fund, a concentrated portfolio of 30-45 stocks targeting structural growth ideas. The A share class carries a 1.5 per cent management fee and a 30bp administration fee. ● BlackRock is expanding its range of European corporate bond exchange traded funds with a new ETF focused on financial issuers. The iShares Barclays Euro Corporate Bond Financials ETF provides exposure to fixed rate, investment grade bonds issued by financial companies, and it carries a total expense ratio of 20bp. ● Cambria Investment Management has launched an ETF providing exposure to “yield-rich” US and international equities. The Cambria Shareholder Yield ETF, known as SYLD, carries an annual expense ratio of 59bp. ● Guotai Asset Management has brought out a Nasdaq 100 index that will trade on the Shanghai stock exchange, providing a new route for Chinese investors to the US stock market. Continue reading
Liquidator To Sell Further Gunns’ Plantations
Updated Tue Apr 30, 2013 10:07am AEST PHOTO: A forestry machinery holding logs in forest. (file) (ABC, Jessica Kidd) MAP: Albany 6330 The liquidator of the collapsed Tasmanian forestry giant Gunns has more than doubled the number of timber plantations it is putting on the market. The liquidator has already announced plans to sell about 100,000 hectares of plantations Gunns managed on behalf of investors. Now, PPB Advisory is seeking court approval to sell 118,000 hectares of trees formerly managed by another collapsed agribusiness, Great Southern. Gunns took control of Great Southern’s managed investment schemes in 2009 when the Perth-based company collapsed with debts of about $700 million. A significant number of plantations are in Western Australia but the company had interests nation-wide. Gunns went into receivership in September last year. The liquidator says the proceeds of the Great Southern trees will be distributed among the schemes’ 40,000 investors. It means Gunns’ trees in every Australian state are now on the market. PPB Advisory estimates the sale process will take less than four months. Continue reading
