Investment News NZ

Russell Investments has made sweeping changes to its flagship global fixed income funds in a move that almost doubles the in-house managed component. In a note to clients last week, Russell revealed it had cut three incumbent bond managers - Colchester Global Investors, Insight and Voya - from the global fixed income menu while awarding Western … [Read More...] about Global bond shake-out at Russell; Gunning takes new job in head office tidy-up

AMP Capital NZ has appointed Australian boutique Ausbil as underlying manager in its diversified ethical funds amid a slew of changes that will also see an active global bond product close. In disclosure documents filed last week, the manager revealed that AMP Capital Australia would wind up its ethical Australian shares product – currently part … [Read More...] about Australian shares, global bond shake-up prompts AMP Capital NZ ethical product tweaks

Demand for specialist transition services is set to rise in NZ as institutional investors focus on containing the upfront and hidden costs of firing fund managers, according to a new Mercer study. Authored by Mercer NZ head of consulting, David Scobie, the report says institutions need to carefully consider the bottom-line expenses and risks of … [Read More...] about Transition ignition: how to (efficiently) sack your manager

Australia-based US share-trading platform, Stake, is hiring up in NZ as it seeks to build on rapid client growth this side of the Tasman. In Auckland last week before the NSW travel bubble burst, Stake founder, Matt Leibowitz, said the platform had signed up over 40,000 Kiwi investors, or almost 12 per cent of the group’s global clientbase of … [Read More...] about Platforms across the sea: Stake marks out NZ ground, Sharesies debuts in Sydney

The almost $3 billion Auckland boutique, Generate, has added to its senior compliance staff, sourcing specialists from Jarden and Milford Asset Management. Generate hired Debbie Bourne and Shane Hinton as respective heads of compliance and risk, joining a team now headed by former Financial Markets Authority (FMA) general counsel, Nick … [Read More...] about Compliance hires set Generate up for unit trust growth; Midwinter change; AMP advice transformer cuts out quick

NZ Super, the Future Fund and Norway’s NBIM are among the top-performing government funds, as well as having the highest level of governance and sustainability, according to a study by SWF Global. The study, of 52 of the world’s largest funds, attempts to illustrate the connection between good governance with sustainability processes and … [Read More...] about Top global funds also highest on ESG score

Rising compliance costs, growth bottlenecks and business succession plans sealed the deal to sell a controlling interest in Newton Ross to the acquisitive Alvarium group, according to a co-founder of the long-established Auckland independent advice firm. Mike Newton, who launched the firm with business partner Wayne Ross in 2003, said the … [Read More...] about Auckland advice boutique maps path to future with Alvarium deal

David Swensen, the Yale endowment fund’s famous chief executive and always a candidate for the “best investor in the world” title in any contest, died last Wednesday night US time (May 6 in NZ and Australia) at 67. In his 36 years at the fund’s helm, Swensen achieved many first’s for the institutional investment industry. He pioneered the push … [Read More...] about Yale’s Swensen dies at 67