Investment News

Bronte Capital CEO John Hempton believes the ASX is a target-rich environment for short sellers, and that a potentially imminent “post-bubble environment” will bring better days for the fund. It’s been a tough few years for Bronte Capital, which – like many other hedge funds – has suffered from a period of pretty lacklustre returns… [Read More…]

The global funds management industry represents a low risk to financial stability based on liquidity and leverage metrics teased out in an inaugural study by the International Organization of Securities Commissions (IOSCO). According to the newly released IOSCO report, data on three pooled investment categories – hedge funds, open- and closed-ended funds – suggests the… [Read More…]

Emerging markets have languished for years despite their explosive economic growth. But the new inflationary epoch – and a burgeoning focus on ESG – might turn all that around. Emerging markets can be a tough game. A decade of lackluster performance compared to their developed market counterparts has culminated in massive regulatory upheaval in China,… [Read More…]

Wellington-based manager Booster is set to enter the employer super master trust market after establishing a new offering late last year. The Booster Workplace Savings option, established under the firm’s existing superannuation scheme umbrella, should go live later this month, bringing further competition to a largely stagnant market. Documents show the new Booster employer-based fund… [Read More…]

Magellan will embark on a “considered” effort to recruit a new chief executive officer early this year following the shock exit of incumbent Brett Cairns in December 2021, according to founder of the A$95 billion Australian fund manager, Hamish Douglass. In a video posted two days before Christmas, Douglass confirmed he would not step back… [Read More…]

AMP stands to pocket almost A$430 million after offloading its infrastructure debt business to former US suitor Ares Management in a surprise pre-Christmas deal set to further simplify a planned demerger of the group’s private markets investment arm. Under the arrangement AMP will transfer most of its infrastructure debt assets to Ares this quarter for… [Read More…]

Government-owned investment funds are on track to control more than US$50 trillion by the end of the decade after breaching the US$30 trillion mark for the first time in 2021, according to the new annual report of specialist publisher Global SWF. Released late in December last year, the Global SWF report puts the latest “crystal… [Read More…]

NZ remains the highest-ranked non-European country for sustainability standards in a global analysis carried out by Dutch investment giant, Robeco. The half-yearly Robeco environmental, social and governance (ESG) country scoring exercise put NZ in seventh place in a top table dominated by Scandinavians. Robeco awarded NZ an ESG score of about 8.5 out of 10,… [Read More…]

Influential economist, Arvind Subramanian, has called out the ‘green’ finance boom as a bubble posing serious risks to global markets. In a think-piece for Project Syndicate last week, Subramanian says the flood of money pouring into environmental, social and governance (ESG) investments could backfire with devastating economic consequences – especially in poorer countries. The former… [Read More…]

Bermuda-based global financial back-office specialist Apex has snapped up NZ firm MMC just months after buying Australian investment administration provider, Mainstream. The sale rounds off an almost 20-year journey for MMC, which has grown from scratch in 2002 to administer about $100 billion on behalf of fund managers, KiwiSaver providers and financial advisers. MMC purchased… [Read More…]