Investment News

Mint Asset Management has hired a new senior analyst from another Auckland-based boutique firm to bolster its trans-Tasman equity team. Michael Kenealy will join Mint in January following a more than seven-year stint at Salt Funds Management where he was senior investment analyst and assistant portfolio manager for the firm’s Long Short Fund. Previously, Kenealy… [Read More…]

NZ clients are lined up to invest in a just-launched Morrison & Co unlisted infrastructure fund when it opens for a second round with some capacity still left before the first capital-raise closes. Nicole Walker, chief commercial officer at Morrison & Co, said the manager had secured support for the first US$3 billion tranche of… [Read More…]

The Australian financial regulator has urged institutional investors trading on the ASX to better prepare for future market blackouts in the wake of a meltdown on the exchange last November. In a new report charting a series of ASX operational incidents during the week starting November 16 last year, the Australian Securities and Investments Commission… [Read More…]

The NZ Superannuation Fund (NZS) has almost 60 stocks under review on responsible investment grounds but no new exclusions lined-up, according to a recent release. In reply to another Official Information Act (OIA) request lobbed by the Israel Institute of NZ, the NZS confirms it is “currently considering 58 stocks under our Responsible Investment Framework”…. [Read More…]

There has been a growing feeling among investors that sustainability is good – certainly not bad – for returns. Now, following the latest report by Sustainable Platform, there should be no further argument. The analysis, which includes rankings of the top 1,000 performing companies globally, as well as the bottom 1,000, shows that on a… [Read More…]

After the media heat has died down, Simon O’Connor, CEO Responsible Investment Association Australasia, puts the Glasgow climate talks into perspective…   If there is one thing a UN Climate Change Conference always delivers, it is bucketloads of pledges. But if we sift through the various announcements which came out of COP26 in Glasgow, has… [Read More…]

London-headquartered ‘regtech’ firm, VoxSmart, will target NZ broking houses among others after opening a Queenstown office in November. VoxSmart chief operating officer, Adrienne Muir, said local brokers were facing the same compliance pressures as global financial institutions on the back of mounting regulations and changing communication risks. Returning to her home country after 13 years… [Read More…]

New Inland Revenue Department (IRD) data has confirmed a sharp slowdown in the KiwiSaver market with net membership growth down over 20 per cent year-on-year. According to a just-released IRD report, the total KiwiSaver universe saw a net increase of about 70,000 members during the 12 months to June 30 compared to 88,660 in the… [Read More…]

The NZ workplace savings market continued its slow fade-out to obscurity during the latest reporting year but the almost $26.5 billion sector has some life in it yet as well as more immediate challenges, according to a panel of industry experts. Figures revealed in the recent Financial Services Council (FSC) online event show the traditional… [Read More…]

The Consilium-owned Synergy has pushed above $800 million in a year that has seen stellar growth and the addition of five new Morningstar model portfolios to the discretionary investment management service (DIMS). Scott Alman, Consilium head, said Synergy funds under management had increased by about 50 per cent year-on-year on the back of buoyant markets,… [Read More…]