Investment News

Salt Funds Management has established a new range of products that will see the Auckland-based boutique branch out into global asset classes for the first time. In deals with inked with two high-profile international investment firms – Morgan Stanley and, Cohen and Steers – Salt has built three offshore equities products while also laying the… [Read More…]

ASB is looking for a new general manager of wealth following the departure of long-time incumbent, Jonathan Beale. Beale ended his eight-year stint at ASB last month to take up the managing director partnership role at Tower Insurance where a former colleague, Blair Turnbull, was appointed CEO last August. Turnbull was ASB head of wealth… [Read More…]

Northern Trust has won another factor-based global equities gig with a bank-owned KiwiSaver provider following a mandate reshuffle at the BT Funds-managed Westpac scheme. Along with several other changes, Northern Trust picked up a spot among six managers on the Westpac/BT international equities panel, which services the bank’s KiwiSaver scheme and other retail funds. Westpac… [Read More…]

BT Funds NZ portfolio manager, Anna Boyle, will follow her former boss over to the almost $2 billion charity sector investment specialist, Trust Management, next month. Boyle, currently BT portfolio manager sector funds, ends a more than 12-year career at the Westpac-owned investment house in February to assume the new role at Trust Management. Matthew… [Read More…]

Former BlackRock executive Holly Framsted is to become head of ETFs for Capital Group in the US, which plans to launch a slate of both equity and fixed income actively managed listed funds in 2022. Capital, which has about US$2 trillion (A$2.6 trillion) under management, will be adding the ETFs to about 40 mutual funds… [Read More…]

David Brown, an experienced investment manager and fund CIO, plans to move from Melbourne to the idyllic island of Rarotonga for his new role, COVID restrictions permitting. He started this month as CIO of the NZ$189 million (A$176 million) Cook Islands National Superannuation Fund – a new position. A special focus of the position will… [Read More…]

As 2021 roars into action, Harbour Asset Management porfolio manager, Shane Solly, reflects on the timeless investment lessons of the previous 12 months…   Covid-19 made 2020 a challenging investment environment. But active investors were able to navigate through the chaos with a focus on people, process and patience. Stock markets will likely remain more… [Read More…]

State Street Global Advisors will sharpen its ESG efforts on climate change and corporate racial diversity in 2021, adopting a more activist approach with investee companies. In a letter to major global corporations this month (January 11), Cyrus Taraporevala, SSGA chief, says the US$3.1 trillion manager will use its financial clout to pressure companies to… [Read More…]

Maple-Brown Abbott (MBA) is turning off gas and switching more to electric in its global listed infrastructure strategy as the world adjusts to a low-carbon energy future. In a new paper published last week, the Australia-headquartered MBA says its analysis suggests electric utilities will be the major beneficiaries of global climate change energy policies while… [Read More…]

When a 25-year-old English fund manager with £21 billion (A$37 billion) under management discloses it had made a sizable investment in bitcoin, it is bound to give the institutionalisation of the crypto currency a big kickalong. This is especially so when the manager regards bitcoin as a potential store of wealth and not an alternative… [Read More…]