David Chaplin

Pathfinder Asset Management has commissioned a new third-party research report on its World Equity Fund (WEF) as it seeks to grow adviser distribution, according to executive director, John Berry. Berry said Pathfinder recently engaged Nelson-based JM Consulting, headed by John Mellor, to produce a research report on its WEF. He said the shortage of fund… [Read More…]

AMP Capital Australia has lost two senior members of its local equities team to rival managers. Gian Pandit, co-head of Australian Fundamental Equities, and senior portfolio manager, Jonas Palmqvist, both resigned last week to take up roles with separate funds management businesses. Ella Brown, AMP Capital Australia head of fundamental equities, also resigned early in… [Read More…]

New Zealand investors are slowly warming to the idea of alternative asset classes, according to Guy Fisher, Aon Hewitt investment consultant. Fisher said while local wholesale investors are generally underweight alternative assets relative to global peers “there’s a genuine broad interest in the topic now”. He said as traditional asset class valuations appear stretched and… [Read More…]

The fortunes of multi-award-winning hedge fund managers Andrew and Philip King seem to be going from bad to worse following their former board colleagues’ revelations of a query by ASIC over trading in a resources stock in 2013. Are they being punished for being clever? Andrew, the chief executive, and brother Philip, the chief investment… [Read More…]

Guardians of New Zealand Superannuation Fund (NZS) chairman, Gavin Walker, has hosed down expectations of continuing double-digit returns. In a speech to board “stakeholders” last week, Walker said the average 21 per cent annual returns the NZS has earned over the last three years are likely to be “among the best years the Fund will… [Read More…]

GMO, the big global quant-orientated value manager, has parted company with three of its most senior executives in Australasia, including the chief executive and head of business in Australia and the chief operating officer, both of whom were based in Sydney. Another senior person based in Singapore has suddenly left the organisation. Glen Howard, who… [Read More…]

Mint Asset Management has a further independent director waiting in the wings, according to chief executive officer, Rebecca Thomas. Last week Mint appointed Mark Todd as board chairman, replacing Paul Richardson, the firm’s chief investment officer, who had held the role since last August. Richardson took up the job temporarily following the resignation of Pip… [Read More…]

Milford Asset Management has been fined $1.5 million after agreeing to a settlement with the financial regulator in regards to alleged market manipulation charges relating to a trader employed by the firm. In a just-released Financial Markets Authority (FMA) statement, the regulator said “the trading conduct breached the market manipulation prohibitions in s11B of the… [Read More…]

New Zealand Superannuation Fund (NZS) veteran, Tim Mitchell, has resigned after more than a decade in various senior roles at the organisation. Mitchell moved to his most-recent strategic advice position earlier this year following a stint as head of NZ active equities for the $29 billion plus fund. As well as consulting on the initial… [Read More…]

AMP Capital NZ is pitching a revamped investment service to institutional clients that includes access to a broader range of external fund managers and products. George Carter, AMP Capital NZ head of distribution, told Investment News NZ (IN NZ) while existing house products would form the core of its institutional offering, the firm now had… [Read More…]