Investment News

The under-pressure Magellan is looking to calm investor nerves amid shock leadership changes and fund outflows of almost A$30 billion since last December. In a release to the ASX last week, the global equities specialist confirmed net outflows since January 1 of A$5.5 billion including A$5 billion of institutional money. As at February 9, total… [Read More…]

Wellington-founded investment technology firm, FNZ, has seen its value rise almost 10-times in a little over three years following a landmark equity raise last week. Canada Pension Plan Investment Board (CPP), one of the world’s largest institutional investors, and US fintech specialist private equity firm, Motive Partners, tipped in a collective US$1.4 billion to FNZ… [Read More…]

Best-to-worst asset class performance in 2021 ranged across the greatest distance in at least a decade, the just-released Mercer ‘periodic table’ of investment returns reveals. For the second year in succession global private equity tops the Mercer table with a whopping 48.4 per cent return while NZ government bonds languish in last place after suffering… [Read More…]

ASB recorded funds management revenue of some $80 million in the final half of last year, up about 4 per cent on the first six months of 2021 despite axing KiwiSaver administration fees at the end of September. But the NZ institution stands as the sole remaining source of continuing funds management revenue in the… [Read More…]

The NZX has seen funds under management soar above $8 billion after completing its buyout of the ASB employer superannuation master trust last week. Under an arrangement bankrolled by “cash on hand and new debt facilities”, Smartshares assumes control of $1.8 billion held in the ASB vehicle, lifting the NZX-owned SuperLife scheme to a close… [Read More…]

Investors should get out more, Northern Trust Asset Management (NTAM) argues in a new study detailing the perils of home country bias. The NTAM report says investors would benefit from some quantitative-based home bias corrective training designed to improve diversification and lower portfolio risks. In fact, the paper – authored by NTAM portfolio strategy specialists… [Read More…]

The woes never seem to end in emerging markets, but their proponents see the current upheaval as a chance to take advantage of dirt-cheap valuations. China’s regulatory crackdown still has investors running scared, but Joseph Lai, chief investment officer of Ox Capital, says he and his team are like “kids in a candy shop”. Lai… [Read More…]

Over 211,000 KiwiSaver members changed schemes during December, according to newly released Inland Revenue Department (IRD) figures, in a monthly statistic highly distorted by the default transition process. The KiwiSaver scheme transfer tally in December of 211,568 is about 200,000 above the monthly average, suggesting most of the forcibly re-homed default members shifted across before… [Read More…]

Renowned US-based hedge fund, Bridgewater Associates, is tipping a messy market transition as inflation and interest rate changes wash through the global financial system this year. The Bridgewater 2022 outlook published last week says while extraordinary COVID-era global monetary stimulus measures have finally kick-started the real economy, investors remain overly optimistic about the prospects for… [Read More…]

Australian and NZ investors were among the money as Mercer pulled in a record US$4.8 billion plus into a new closed-end private assets fund. Highlighting the surging institutional demand for private markets investments, the Private Investment Partners VI (PIP VI) raised almost 80 per cent more than the previous fund in the series that accrued… [Read More…]