Auckland-based consultancy firm, Mosaic Financial Services Infrastructure, has released a new “on-demand” climate change training program in collaboration with Australian partner business, Informed.City. The “executive training” course aims to provide directors and senior business leaders “with practical information to manage climate change risk, including the fundamentals of climate change risk and scenario analysis concepts, with… [Read More…]
Sovereign funds shift assets into reverse, turn to private debt
Sovereign wealth funds (SWFs) are changing the asset mix, dialing up ESG and tuning into AI, according to the latest Invesco annual survey of the sector. The 2024 Invesco ‘Global sovereign asset management study’ found SWFs have made significant asset allocation shifts over the last year or so in light of sticky inflation and gathering… [Read More…]
‘A very clear cut proposition’ in total portfolio approach’s quiet revolution
Institutional investor understanding of the differences between strategic asset allocation (SAA) and total portfolio approach (TPA) is growing, according to the Thinking Ahead Institute’s (TAI) latest global asset owner peer study report, and SAA is “by and large losing the argument”, with more and more investors set to embrace TPA over the next few years…. [Read More…]
Are NZ equities a buy?
The NZ share market has been in winter mode relative to global counterparts over the last few years but a spring thaw could be on the way, according to Kirsten Boldarin Mint Asset Management head of distribution ‘Nothing like price to change sentiment’ – Helene Meisler 29 Jan 2021 was an important date if… [Read More…]
Court forces Du Val into ‘interim receivership’ on FMA request
High-profile property developer and wholesale funds group, Du Val, has been placed into ‘interim receivership’ by the High Court following a Financial Markets Authority (FMA) action. The order applies to “Du Val Capital Partners Limited, together with a number of entities within the Du Val Group”, according to a FMA release, as well as company… [Read More…]
Edmonds makes way for new Apex NZ head in executive, board update
Apex Group NZ chief, Anthony Edmonds, is to step aside in favour of Donna Mason, who joined as head of the firm’s fund administration arm last year. Edmonds will remain in a business development role “with a focus on sales and strategic growth opportunities” for the company among a raft of other leadership and board… [Read More…]
Milford lands record fee haul; catch and release at Fisher
Milford Funds has reported its best-ever revenue bonanza over the 12 months to March 31 as fee income jumped more than 70 per cent year-on-year to reach almost $270 million. The Auckland-headquartered firm booked performance fees of $83.5 million for the 12-month period after drawing a blank in this category last year while management fees… [Read More…]
Advisers boost Kōura, Kernel KiwiSaver coffers
Next-generation Auckland-based investment boutiques Kōura and Kernel have both reported a surge in KiwiSaver assets under management over the last 12 months on the back of financial adviser support. Kōura, for example, has seen KiwiSaver funds under management almost triple during the last year or so to reach $200 million and approximately 5,000 members: the… [Read More…]
Smartshares on investment recruitment drive, fund-hosting acceleration
Smartshares is looking to shore-up both its active and passive investment teams and target further growth in fund-hosting. Anna Scott, lured from Hobson Wealth to head the NZX-owned funds management business last June, said the group is recruiting for a number of investment roles across the Smartshares passive and QuayStreet active teams. Scott said Smartshares… [Read More…]
FMA highlights post-Kloogh client-reporting, margin disclosure, DIMS in new money-handling guide
The Financial Markets Authority (FMA) has laid out more stringent client-reporting obligations for financial advisers, custodians and platforms in an updated money-handling guide. Custodial reporting issues hit the regulatory radar during the Barry Kloogh ponzi scandal in 2019 after the Dunedin-based adviser diverted platform-to-client communications to his own address. Kloogh drained more than $15 million… [Read More…]