Investment News

Auckland-headquartered investment research and consultancy firm, MyFiduciary, will target net-zero carbon emissions across client portfolios under a new policy unveiled last week. In a release, MyFiduciary principal, David Rae, said the boutique research house would join the push to net-zero by tilting to emission-reducing investments as well as collaborating with the wider industry to ensure… [Read More…]

US-based private equity manager, The Carlyle Group, has lobbed a renewed stand-alone A$2.8 billion bid for ASX-listed investment administration firm, Link, in a hot market for back-office providers. The non-binding Link offer, pursued via a Carlyle Asia Partners fund, comes just a week after global fund services group, Apex, completed a A$410 million buyout of… [Read More…]

Research IP has slated its 2021 NZ fund manager of the year awards for December 2, shifting the event online once more due to ongoing pandemic conditions. Darren Howlin, Research IP managing director, said the digital-only awards come at the end of a “fascinating year” where “the tone of central banks and economies is changing… [Read More…]

A profound shift in the investment environment demands a revolution – not an evolution – in thinking, according to Ruffer. It might be the only way to defy gravity. The analogy that Ruffer uses for investor behaviour over the last 40 years is that of crabs. The humble crustaceans evolved to fill their niche from… [Read More…]

The world’s largest state-owned funds have accelerated their allocations to renewables and lifted their targets for net-zero portfolios but, so far, their investments have been “miniscule”, according to the latest report by Global SWF. In a special edition of its monthly newsletter coinciding with this month’s COP26 meeting, the institutional investment research firm calculates that… [Read More…]

AMP has cut its final links to the life insurance business in a deal to offload an almost 20 per cent stake in Resolution Life Australasia (RLA). The sale will, in fact, see AMP pay Resolution over A$140 million after contractual agreements bite into the “total consideration” of A$524 million. Resolution completed the purchase of… [Read More…]

Mint Asset Management has restructured under a new ownership model designed to create a diversified financial services group. In a deal inked with Auckland-based Ascentro Capital Partners last week, Mint will form part of the Amplifi Group – a new overarching company with a mandate to acquire investment and wealth management businesses. The news comes,… [Read More…]

A new international shares player has formally entered the wider NZ market following the launch of the Te Ahumairangi Investment Management (TAIM) fund last week. The Te Ahumairangi Global Equity Fund closely tracks an institutional strategy the firm has managed for the Accident Compensation Corporation (ACC) since the middle of last year, according to chief,… [Read More…]

The government-owned Kiwi Wealth saw an almost 50 per cent year-on-year jump in net profit over the 12 months to June 30, according to figures filed by its parent group last week. Kiwi Group Holdings – the entity housing Kiwibank, Kiwi Wealth and other related companies – reported net profit of $12.7 million for its… [Read More…]

Government could take a more hands-on role in mandating environmental, social and governance (ESG) strategies for state-owned investment funds under a new ‘framework’ laid down last week. The just-released ‘responsible investment framework’ sets tough new climate change portfolio targets for the Crown Financial Institutions (CFIs) in line with recent legislation. CFIs are exempt from the… [Read More…]