Investment News

The scandal surrounding the collapse of the once-dominant Australasian fund research house, van Eyk Research, played out its almost final scene in a Sydney court last week as former chief executive, Mark Thomas, admitted guilt to counts of corporate dishonesty. Under criminal charges referred by the Australian Securities and Investments Commission (ASIC) last year, Thomas… [Read More…]

MMC co-founder, Tom Reiher, has stepped down as managing director of the firm following the formal transition to new ownership last month as part of the global Apex Group. Reiher ended his 20-year hands-on operational duties at the end of May, according to the latest MMC client newsletter. “This brings to life the final phase… [Read More…]

Mint Asset Management has hired Gretchen Drake for the newly created role of head of investment operations as the boutique business continues to expand. Drake will support Mint chief operating officer, Simon Haworth, in an operations team than also includes Gina Delgado and Matt Kenward. She returned to NZ recently following a seven-year stint in… [Read More…]

The Wealthpoint national advisory network has been approved to offer a discretionary investment management service (DIMS) after earning a licence for the activity last month. Created out of the former AMP adviser group in 2018, Wealthpoint focuses primarily on insurance and mortgage advice but it maintains a large book of KiwiSaver and other funds of… [Read More…]

The $230 million NZ ‘community foundation’ sector is set for extraordinary growth as a strong pipeline of bequests flows into the nationwide network of charitable funds over the next couple of decades. Eleanor Cater, Community Foundations of NZ (CFNZ) member services director, said the 17 underlying regional-based charitable funds have secured bequests amounting to a… [Read More…]

Wildly anomalous times are giving rise to a new inflationary paradigm, and Lazard’s Ron Temple has climate change, mitigation risk, and equity duration on his mind. “The challenge here for the Fed is that we have price increases that are outpacing wage increases; rent increases that are accelerating; and the worry that workers don’t go… [Read More…]

The rivers of gold that have flowed over the last decade have not flowed to more innovative products, according to Boston Consulting Group. The last 10 years have seen much ado about the dominance of passive products over active managements, with ETF inflows swelling to titanic proportions amidst a decade-long bull run where even the… [Read More…]

China is a little ahead of the US in the current re-pricing of global equities. That, coupled with western geopolitical concerns, has presented a new round of opportunities. According to Alison Shimada, the lead portfolio manager (PM) for Allspring Global’s Total Equity Emerging Markets team, based in San Francisco, the China region stocks do not… [Read More…]

Advisers caught a live glimpse of Devon Funds’ new global strategies during the first in-person tour for the Auckland boutique since the COVID-19 outbreak. In a three-city tour late in May, key members of the Devon investment team along with representatives from global fund partner, Wellington Management, showcased the new bond and equity strategies. As… [Read More…]

AMP NZ head, Blair Vernon, has picked up the new role of chief transformation officer at the under-repair ASX-listed business. Vernon retains his NZ chief executive title following the change while Jeff Ruscoe takes on day-to-day responsibilities as managing director for the local operation. Ruscoe, most recently chief client officer, filled in briefly as NZ… [Read More…]