Both local and offshore players have already made passes at the now officially on-sale again AMP NZ wealth business, according to local chief, Blair Vernon. “A number parties have shown interests in buying the NZ wealth management business,” … [Read more...] about Buyers line up for AMP NZ wealth
Investment News
Fresh boutique KiwiSaver scheme floats into view
Another new KiwiSaver provider is poised to enter the market in a joint venture between Hobson Wealth and former KPMG consultant, Rupert Carlyon. It is understood that the Kōura Wealth scheme, once launched, would have a robo-advice-like front-end … [Read more...] about Fresh boutique KiwiSaver scheme floats into view
Risks heat up as FMA puts custody on the backburner
Some time, maybe later this year the Financial Markets Authority (FMA) will release the findings of a long-awaited review of the NZ custody sector. The review – understood to have been outsourced to consultancy firm PwC – has been a long time … [Read more...] about Risks heat up as FMA puts custody on the backburner
Mass transfers mooted in default shake-up
The government could enforce bulk transfers of default KiwiSaver scheme members under proposals tabled last week. According to the Ministry of Business, Innovation and Employment (MOBIE) default KiwiSaver discussion paper, the government could … [Read more...] about Mass transfers mooted in default shake-up
Wong gone as Sargon sweeps out Heritage; Epoch starts new era in Australasia
The new Australian owner of Auckland-based Heritage Trustee has cleaned out the firm’s senior sales staff as it moves to a “technology-enabled” model. Following the restructure initiated in June, senior supervisory manager, Lloyd Wong, has left … [Read more...] about Wong gone as Sargon sweeps out Heritage; Epoch starts new era in Australasia
Another global perspective gets PIE treatment
Clarity Funds Management is set to launch a new global equities product managed by the US$1.9 trillion US-based Capital Group. Josh Wilson, Clarity chief investment officer, said the new fund could be open for business as early as next … [Read more...] about Another global perspective gets PIE treatment
The new path for Colonial First State’s global asset manager
Twenty years ago, when Chris Cuffe was head of Colonial First State, he wanted Money Management magazine to name, at its annual awards dinner, a ‘fund manager of the decade’. This would have been a departure from the influential magazine’s usual … [Read more...] about The new path for Colonial First State’s global asset manager
Mellon brings new-look global macro strategy to Australia, NZ
Mellon Investments Corporation has built up its quantitative risk premia and risk parity capabilities and offerings with the recruitment of a specialist team. Roberto (Rob) Croce, the new managing director and senior portfolio manager, made his first … [Read more...] about Mellon brings new-look global macro strategy to Australia, NZ
Ariel puts its MANGs against their FANGs to good effect
With an ever-so-slight recent change of ownership control, the Chicago-based Ariel Investments, well-known globally for its ESG-sensitive strategies, has come up with a new acronym of sorts to compete with the ubiquitous ‘FANG’. The new word is: … [Read more...] about Ariel puts its MANGs against their FANGs to good effect
Performance fee up 75% as Fisher nets $100m, tops $9bn
Fisher Funds has hauled in a net income of more than $100 million over the 2018/19 financial year as the group’s total assets under management jumped above $9 billion for the first time. According to the latest Fisher accounts published last week, … [Read more...] about Performance fee up 75% as Fisher nets $100m, tops $9bn