Investment News NZ

Industry share of Financial Markets Authority (FMA) funding will rise to more than 80 per cent by 2022 under changes released by government last week. Historically, government aimed to recoup just 75 per cent of FMA operating costs through levies but the just-published Cabinet paper shows the industry-funded proportion would ultimately jump by 8 … [Read More...] about Govt to increase industry levy weight above 80%

Franklin Templeton announced its new leadership team last week, including the important Australasian and APAC parts of the business, prior to the official completion on July 31 of the takeover of Legg Mason, the global multi-affiliate manager. Now, the hard work begins. Multi-affiliate managers tend to be a different breed to traditional funds … [Read More...] about Now, the hard work begins for Franklin Templeton

Australian specialist impact investment firm, Brightlight Group, will establish an on-the-ground NZ presence after winning the lead manager role on the new Trust Waikato-sponsored Te Puna Hapori fund. Brightlight is also working with the NZ Ministry of Foreign Affairs and Trade (MFAT) to design a public-private impact investing strategy for the … [Read More...] about Aussie impact manager to hire up in NZ as Trust Waikato fund builds

Fintech enthusiasts have until this week to lob in an offer for the Australian and NZ arms of collapsed German online payments firm, Wirecard. Auckland-based insolvency firm McGrath Nicol has opened up bidding for the Australasian assets of the “innovative, bank grade, consumer electronic payment solution provider”. The offer extends to the … [Read More...] about Administrators look to flog failed fintech’s Australasian assets

Aon will repay all global staff hit by a coronavirus-related emergency 20 per cent salary cut imposed from May to the end of June. In a recent note, Aon says the 20 per cent pay cut that affected most of the group’s 50,000 employees (including those in NZ) would be reimbursed plus 5 per cent to recognise “their personal resilience and dedication … [Read More...] about Reversal of fortune sees Aon pay back employees (plus 5%)

Institutional investors have been losing trust in the financial services industry over the last two years, according to a new CFA Institute report, while their retail counterparts remain largely unmoved. Despite the almost 7 per cent decline in the institutional investor trust metric compared to the 2018 study, the sector still has a rosier view … [Read More...] about Mind the trust gap: CFA study uncovers financial services reputational risk factors

Two studies published in the past month have shed light on both the latest rankings, by assets, and how Sovereign Wealth Funds are investing those assets. Unlike many big pension funds, there is a big disparity in the cultures of sovereign funds and their investment styles. The definition of ‘sovereign wealth fund’ could also be seen as … [Read More...] about Sovereign wealth fund rankings… and how they are investing

The world’s largest investors are torn between flying to safety and fighting for growth as the COVID-19 crisis rolls on, a new analysis has found. According to an Official Monetary and Financial Institutions Forum (OMFIF) report, for the first time since inception of its Global Public Investor (GPI) study, results show more investors are looking … [Read More...] about Flight or fight: crisis divides US$40tn government investment universe