Investment News

Russell Investments has hired former UK-based Morningstar data services manager, Scott O’Ryan, in a newly created business development role in NZ. O’Ryan will be responsible for growing the Russell footprint “within the financial advisory and wealth management sector, mainly through distributing the firm’s range of multi-manager and directly managed funds”, according to a release. He… [Read More…]

Pioneer NZ wealth technology firm, Chelmer, has rolled out an upgraded software suite under the new Myriad branding. Andy Robertson, Chelmer chief innovation officer, said the software reboot “embraces the modern technology development paradigm”, enabling wealth management firms to fashion flexible multi-application workflow processes within a single framework. Robertson said Myriad allows businesses to create… [Read More…]

The Financial Services Council (FSC) has taken another related industry body under its wing in an agreement with the Health Funds Association (HFA) inked last week. Under the merger, officially due tomorrow (Tuesday December 1), the FSC will absorb the HFA membership while creating a new health insurance committee in the wider group. Established in… [Read More…]

Australia and New Zealand have scored the highest in the latest annual ESG ratings by GRESB, the leading data collector and assessment organisation for property and infrastructure. ‘Oceania’ was first, followed by Asia, then Europe, then the ‘Americas’. GRESB (Global Real Estate Sustainability Benchmark) says in its annual global real estate assessment, published in Amsterdam… [Read More…]

Longlead Capital Partners, the boutique long/short equities manager formed by two key players in the success of Regal Funds Management, has launched a traditional unlisted unit trust to allow better access to its strategies among Australian and New Zealand investors. Longlead, founded by Tim Campbell and Andrew West in 2014, has so far produced some… [Read More…]

Ex AMP Capital NZ chief, Bevan Graham, has resurfaced at Salt Funds Management just a day making an early exit from his old shop. As reported yesterday, Rebekah Swan was named AMP Capital NZ chief, replacing Graham who was originally slated to leave the funds firm next January. In a release today, Salt says Graham… [Read More…]

Long-time AMP Capital NZ executive, Rebekah Swan, will take over as head of the local operation, the company announced today. Swan, currently AMP Capital NZ head of product and ESG investment specialist, will replace the outgoing Bevan Graham. Graham resigned in August with an effective end date of January next year. However, his exit has… [Read More…]

Fisher Funds has seen a flood of external institutional money pouring into its NZ fixed income strategy over the last six months, lifting assets under management to about $3 billion. David McLeish, Fisher Funds head of fixed income, said the group’s NZ bond strategy has attracted inflows of some $500 million as a range of… [Read More…]

Nikko Asset Management has added the high-flying Ark Disruptive Innovation Fund as a standalone option in its KiwiSaver scheme. George Carter, Nikko NZ chief, said the move provided more flexibility for KiwiSaver investors looking to build portfolios beyond the standard vanilla approach. Carter said the Ark fund was now the most popular offering on Nikko’s… [Read More…]

Just as the NZ financial advice industry is about to enter a legislative environment similar to the Australian version, the regulator across the Tasman is pondering how to reverse an unfortunate side-effect of its rule-heavy regime. In a consultation paper published last week, the Australian Securities and Investments Commission (ASIC) is seeking industry feedback on… [Read More…]