The NZ Superannuation Fund (NZS) expressed concern about “several key aspects” of the new $300 million government venture investment initiative, document released under the Official Information Act (OIA) reveal. In a letter to Finance Minister … [Read more...] about NZ Super baulks at venture process
Investment News
Pie shuts lid on $30m fund as poor performance bites
Pie Funds has shuttered its $30 million Multi Strategy Fund just two years after launch following a run of poor performance that saw it down about 13 per cent over the last 12 months. In a letter to investors, Pie chief, Mike Taylor, says the call … [Read more...] about Pie shuts lid on $30m fund as poor performance bites
Submissions are in: providers tip scale to balanced default option
Incumbent default KiwiSaver providers are closely-divided on the appropriate investment settings for the auto-enrolled but, on balance, lean to the balanced fund approach, just-released submissions reveal. Of the eight default providers that have … [Read more...] about Submissions are in: providers tip scale to balanced default option
KiwiSaver membership to hit 3 million in November
KiwiSaver membership is on track to top the 3 million mark this month after falling just 1,500 shy of the watershed figure as at the end of October, according to the latest Inland Revenue Department (IRD) statistics. Over the last year, KiwiSaver … [Read more...] about KiwiSaver membership to hit 3 million in November
Financial advice worth an annual 5 per cent plus, Russell NZ study finds…
Good financial advice can add more than 5 per cent each year to the wealth of NZ investors, a new Russell Investments study has shown. The Russell ‘2019 Value of an Adviser Report’, released at the SIFA Christchurch conference last weekend, is the … [Read more...] about Financial advice worth an annual 5 per cent plus, Russell NZ study finds…
… while global business put up for sale again
Frank Russell would be turning in his grave. Private equity owner TA Associates has hired Goldman Sachs to explore a sale of Russell Investments, putting the US$400 billion-odd asset manager and former global asset consultancy on the block, again, … [Read more...] about … while global business put up for sale again
Airports and oceans: what floats the boat for unlisted infrastructure investors
Institutional investors know a good thing when they see it, according to Kurt Lemke. Lemke, Infrastructure Partners Investment Fund (IPIF) senior adviser, told a NZ audience last week that there is a “deep, dark ocean” of investors who have a … [Read more...] about Airports and oceans: what floats the boat for unlisted infrastructure investors
The link between long-termism and sustainability
Ahead of its launch of a proposed ‘Long-Term Investment Institute’, Martin Currie, the Edinburgh-based international equities house, has produced an interesting paper describing the strong link between long-termism and sustainability. There are … [Read more...] about The link between long-termism and sustainability
The way down from heaven: Bagnall’s boutique opens on a $1.5bn plus high
After more than a quarter of a century leading the now $45 billion Accident Compensation Corporation (ACC) investment fund, Nicholas Bagnall is starting again... but from the top. As revealed last week, Bagnall is walking away from a job he … [Read more...] about The way down from heaven: Bagnall’s boutique opens on a $1.5bn plus high
Nikko equities stalwart departs
Veteran Nikko Asset Management NZ senior portfolio manager, James Lindsay, has left the business after more than two decades. George Carter, Nikko NZ chief, said the business would reallocate resources across its Australasian equities team … [Read more...] about Nikko equities stalwart departs