Archives for 2019

The for-sale AMP NZ financial services group has turned in another poor quarter as total funds under management (FUM) slumped by $200 million. According to AMP quarterly product cashflow results released last week, the NZ financial services division FUM fell from just over $12.8 billion as at the end of June to $12.6 billion three… [Read More…]

Former NZAM chief investment officer, Greg Peacock, has popped up in a consulting role with fast-growing governance training and research firm, MyFiduciary. Peacock, who left NZAM in September 2017 following a restructure at the Auckland hedge fund-of-funds firm, will work with MyFiduciary on a few current projects, according to principal, Chris Douglas. “Greg is well-respected… [Read More…]

An Australian specialist fund manager is testing the appetite among NZ investors for a rarely-served asset class – at least on retail tables. Historically, only large institutions have been able to access unlisted infrastructure but there was a growing demand for the asset class from Australian high-end retail and smaller institutional investors, according to Nicole… [Read More…]

Another Australian bank looks set to benefit from the sale of the ASB investment platform, Aegis, to Auckland fund administration firm, MMC. The Commonwealth Bank of Australia (CBA)-owned ASB sold Aegis sale earlier this month for an undisclosed price after a six-month sales process. CBA drew a healthy dividend off Aegis during its 23-year ownership… [Read More…]

The ‘60s wasn’t all peace and love. Antipodes Partners founder, Jacob Mitchell, told an Implemented Investment Solutions (IIS) roadshow crowd last week that the 1960s featured a rising tide of populism that set the stage for fiscal-fueled growth – and inflation. Mitchell said the current outburst of global populism echoed the 1960s, which, could upend… [Read More…]

Global real estate investment management firm Heitman currently has its head of European real estate private equity, Tony Smedley, in Asia Pacific talking to investors about the investment opportunities in the region. Heitman has a long-established business in Europe and Tony Smedley joined early 2018 to broaden its private equity operations and accelerate the success… [Read More…]

The recently-rewired Punakaiki Fund is seeking up to $10 million in a new retail capital-raising round that will inch the venture capital outfit closer to a NZX listing. Lance Wiggs, principal of LWCM (which manages Punakaiki), said the fund hoped to raise between $5 million to $10 million in the latest capital-raising. Under the deal,… [Read More…]

The big changes in asset management now are happening, once more, in the active space. Passive – including ‘smart beta’ – has become a bit like last year. The investment world is changing very quickly, as it does from time to time. For instance: did ‘value’ finally come back last month (September), yes or no?… [Read More…]

The Accident Compensation Corporation (ACC) has released an updated list of its external fund managers revealing a mostly stable set of suppliers. According to the ACC list obtained under an Official Information Act (OIA) request, the 11 third-party fund managers more-or-less match the ACC roster as reported in 2016. However, over the last three years… [Read More…]