Investment News

The only reason private equity hasn’t suffered as much in this downturn is the discretion that sponsors have over its valuation. That’s going to change – and so is investors’ willingness to believe the impossible. Super funds and other large institutional investors have increased their allocations to private equity over the last decade, drawn by… [Read More…]

The chaos of 2022 has reset valuations to the point where they’re hard to ignore, according to J.P. Morgan Asset Management. That doesn’t mean the future of markets is any less cloudy. As the rollercoaster ride of 2022 draws to a close, the time of the investment outlook is upon us. And while “low single… [Read More…]

ANZ Investments has made a pre-Christmas senior staff clean-out with two long-time employees set to leave the $30 billion plus manager early next year. In a note to clients this week, ANZ confirmed Alan Clarke, co-head of diversified portfolio management, and head of Australasian equities, Craig Brown, will exit the firm next March. Clarke and… [Read More…]

Sharesies has confirmed plans to launch a KiwiSaver scheme early next year after earning a long-anticipated managed investment scheme (MIS) licence this week. The Financial Markets Authority (FMA) approved the Sharesies MIS licence following a drawn-out application process for the first-time investment manager. It is expected that the popular share-trading platform will offer a range… [Read More…]

The $5 billion community trust sector has put a joint housing fund on the agenda in what would be a first combined investment project for the 12 funds. Alastair Rhodes, head of the Tauranga-headquartered BayTrust, said a collaborative housing fund emerged as the top idea at the community trusts conference held in Rotorua mid-November. Rhodes… [Read More…]

The Financial Markets Authority (FMA) has rejected industry complaints of regulatory duplication in imminent conduct rules. In consultation feedback on proposed licensing conditions under the Financial Markets (Conduct of Institutions) Amendment Act, or COFI, the FMA notes many submitters called for carve-outs to reflect similar obligations under existing legislation. Requirements to assure outsourcing arrangements in… [Read More…]

The Australian Securities and Investments Commission (ASIC) has called out nine more managed funds for alleged marketing misdemeanors as part of a more than year-long crackdown on the sector. ASIC said in a release last week that the five of the funds and their respective ‘responsible entities’ (akin to trustees) may have made marketing claims… [Read More…]

Vanguard Australia has been fined almost A$40,000 for alleged greenwashing in a global shares fund popular on this side of the Tasman too. The Australian Securities and Investments Commission (ASIC) pulled up Vanguard for potentially misleading investors on the tobacco content in its International Shares Select Exclusions Index fund series. Vanguard markets three versions of… [Read More…]

Entrenched inflation will likely last longer and prove harder to stamp out than most investors acknowledge, according to a new analysis from quant shop, Research Affiliates (RAFI). The RAFI study of 52 cases of 4 per cent plus inflation in 14 developed world countries spanning 1970 to this September found the price crisis usually subsides… [Read More…]

The Aurora KiwiSaver will diversify its underlying managers next year following super-charged growth that will see the scheme hit $100 million by year-end. Simon Rolland, Aurora founder, said the KiwiSaver scheme is on track to hit the twin milestones of $100 million under management and 5,000 members less than 18 months since launch late last… [Read More…]