Investment News

The backward-looking “static” exclusionary approach to sustainable investment is out, “transparent dynamic inclusion” is in, according to a joint study by US value manager, MFS, and political risk think-tank, the Eurasia Group. A new report summarising a recent series of talks with fund managers, asset owners and academics, says the stellar growth of environmental, social… [Read More…]

Long-term investors can just hunker down during market turmoil but they should also not let a good crisis go to waste, according to a new Mercer paper. The Mercer 2023 outlook for endowments and foundations (E&F) – institutions that often have perpetual mandates – said the sector is “generally designed and invested” for the long-term… [Read More…]

Nikko Asset Management NZ is facing a leadership shake-up with both managing director, George Carter, and head of distribution, James Wesley, set to leave the business in March. Current head of equities, Stuart Williams, will replace Carter, who plans to return to his native UK for personal reasons. Michael Sherrock will support Williams as co-head… [Read More…]

The Alvarium NZ business has been carved-out from the broader global firm that recently listed in the US via a special purpose acquisition company (SPAC). Under the Nasdaq SPAC float completed this January, Alvarium merged with US wealth management firm, Tiedemann Investment Advisors to create a business advising-on or managing US$60 billion. Alvarium Tiedemann (AlTi)… [Read More…]

JANA has won another plum NZ consulting client after securing the $250 million Southland community trust, ousting incumbent Aon. It is understood JANA fended off another Australian asset consultant, Frontier, along with local contenders, Russell Investments and Aon, to land the advisory gig with the Community Trust South (formerly known as the Community Trust of… [Read More…]

ANZ Investments will be keeping recruitment agency, Hunter Campbell, busy following a swag of recent departures across the portfolio management and product teams. At least five staff have resigned this year from the $34 billion manager post the announced exit of Alan Clarke, co-head of diversified portfolio management, and head of Australasian equities, Craig Brown,… [Read More…]

Russell Investments has lashed “easy beat” NZ retail fund benchmarks while backing the ‘reference portfolio’ model for most diversified strategies. In a new research paper, Russell calls out common benchmarking methodologies for both NZ single asset class funds – particularly cash-plus products linked to performance fees – and diversified portfolios as inappropriate and likely skewed… [Read More…]

Sharesies has yet to tap markets for more capital as the online trading platform pivots to significant staff cuts and a new pricing model to stem cash-burn ahead of an expected recession. According to industry sources, the Wellington-headquartered firm had been sounding out investors for another injection of equity cash prior to the recent staff… [Read More…]

Kimon Kouryialas, the Melbourne-based global co-head of distribution for equities specialist Martin Currie, is to end his association with the firm after more than14 years. He has resigned from parent Franklin Templeton and will finish up this month. Kouryialas, 54, was pivotal in establishing the Edinburgh-based Martin Currie’s business presence in Australia and expanding into… [Read More…]

Wealth management firms are increasingly turning to end-to-end outsourced investment solutions as portfolio complexity and market volatility ramp up, according to the 2023 Capgemini report on the sector. The Capgemini analysis says the global ‘outsourced chief investment officer’ (OCIO) industry – better-known as implemented consulting in Australasia – virtually doubled over the five years to… [Read More…]