Investment News

Slade Robertson, Devon Funds managing director, has stepped up his hands-on investment duties in a new job-sharing role with trans-Tasman shares portfolio manager, Tama Willis. In a release last week, Robertson said he was now co-portfolio manager of the Devon trans-Tasman strategy along with Willis, who has been running the fund solo since 2016. Robertson… [Read More…]

Forsyth Barr remains in growth mode despite the recent purchase of the Westpac financial planning arm that catapulted the nationwide firm to top of the NZ investment advice table. Neil Paviour-Smith, Forsyth Barr managing director, said the business had scope to grow both “organically” and through acquisition to meet burgeoning demand for wealth management advice… [Read More…]

Stock markets have always been a win-lose situation but the odds are skewing even further towards a handful of successful companies, according to a new analysis by Australian global investment house, Hyperion Asset Management. In bad news for value and passive investment styles, the Hyperion paper argues that, historically, only a small proportion of listed… [Read More…]

KiwiSaver providers that charge in-fund advice fees will have to better disclose where and why those costs fall under proposed new guidelines, the Financial Markets Authority (FMA) has confirmed. A spokesperson for the FMA said the regulator was seeing examples of in-fund KiwiSaver advice fees “in the market at the moment” that could prove problematic… [Read More…]

Loftus Peak, Australian global equities boutique, has become the second manager to launch a ‘quoted managed fund’. This looks set to become a strong trend in retail distribution, with a host of managers lining up for the new form of listing and an extra administrator entering this part of the market, Link Fund Solutions. The… [Read More…]

The investing world was disappointed to see the indefinite cancellation of the Ant Group float, if only because they missed seeing whether a Chinese company could take the mantle for the world’s biggest IPO for the second time. Ray Dalio was not among them. The founder of Bridgewater and one of the world’s most famous… [Read More…]

About two-thirds of current eligible NZ financial advisory firms have already received a transitional licence to operate under the coming Financial Services Legislation Amendment Act (FSLAA) regime, data released last week suggests. In an update on the FSLAA process released along with the final ‘standard conditions’ for advice firms under full licensing conditions, the Financial… [Read More…]

FNZ will have to offload its $260 million plus Australian software asset within months after the UK competition regulator smothered the deal in a final ruling last week. In a decision handed down on Thursday November 5, the Competition and Markets Authority (CMA) ordered FNZ to sell GBST in its entirety, declaring the merger raised… [Read More…]

Capital Group has a handy person to call on when it comes to looking at US politics from an Australian perspective – a former Australian ambassador to the US and Capital’s vice chairman, Michael Thawley. He thinks investors shouldn’t be too worried by a Biden victory. In a webinar held while the result was still… [Read More…]

Kiwi Wealth has hired Gordon Pfeiffer as head of KiwiSaver. Pfeiffer took up the newly created role in July, joining the Wellington-based operation from the Todd Family Office, where he was head of product and service support for three years. Pfeiffer fills the spot at Kiwi Wealth that previously fell under the head of product… [Read More…]