Investment News

ResearchIP has slated its NZ fund manager of the year awards for the middle of November in Auckland as live action industry events return to pre-COVID levels. The Australasian research house last held an in-person NZ fund gong event in 2019, which was also its first in a stand-alone capacity. Prior to the 2019 show… [Read More…]

In the madness of the last nine months, optimism has become a contrarian position. But there’s still plenty to be optimistic about in US equities. When Geir Lode, head of global equities at international asset manager Federated Hermes, stopped in at a diner in Wisconsin there was a sign in the door offering instant interviews…. [Read More…]

AMP NZ wealth business has seen another senior management rejig including the departure of long-time legacy product specialist, Wayne Hirt. Hirt, most recently head of the AMP NZ Retirement Trust (NZRT) and other legacy products, ended an almost eight-year stint with the business in September. Following his exit, responsibility for the roughly $3.2 billion NZRT… [Read More…]

Wholesale certificate rubber-stampers have been put on notice after a regulatory crackdown on unlicensed property funds uncovered widespread abuse of the ‘eligible investor’ loophole. The Financial Markets Authority (FMA) wholesale property fund ‘thematic review’ identified numerous failings in the eligible investor system including shoddy practices among professionals used to endorse self-certified clients. Investors are able… [Read More…]

FNZ has bought a stake in boutique advice firm, Pāua Wealth Management, in a new move for the investment platform provider. Donna Nicolof, Pāua co-founder, said in a note last week that the FNZ equity injection would fuel growth ambitions for the Auckland-based advisory business including potential acquisition targets. “Pāua will benefit from access to… [Read More…]

Jarden will formally split its investment banking and wealth management arms under a plan revealed last week. The corporate reshuffle will see current group chief financial officer, Malcolm Jackson, head Jarden Wealth – comprising the firm’s holdings in Harbour Asset Management and online investment platform, Hatch, as well as the advisory business. “Having joined us… [Read More…]

This won’t be an environment where a rising tide will lift all boats, according to Magellan’s new CEO. Lifting this one will be a gargantuan task. About halfway through Magellan’s AGM – an AGM that was relatively polite, given the events that preceded it – one investor asked a question that most in attendance would… [Read More…]

KiwiSaver default fund members suffered another down quarter in what has been a rough ride up the risk scale since entering balanced life last December. According to the just-released Melville Jessup Weaver (MJW) September quarter investment survey, the median default fund was off -1.7 per cent for the three-month period and -14.5 per cent over… [Read More…]

Harbour Asset Management released its inaugural impact fund report last week as the targeted investment style gathers momentum in NZ. Anchored around the concept of achieving measurable real-world ‘change for good’, impact investing is typically sheeted to direct ownership or project-funding but Harbour argues the case for equities as socially transformative tools. “Listed markets are… [Read More…]

Up to 90 per cent of fund managers globally are in danger of losing further market share over the next decade as organic growth grinds lower and competition ramps up, according to a new study by financial technology firm, Broadridge. The Broadridge paper says just 10 per cent of fund managers – a mix of… [Read More…]