Investment News

Auckland boutique investment firm and KiwiSaver provider, Pathfinder, has joined the global ‘B Corps’ club – the first NZ fund manager certified under the independent purpose-focused business accreditation standards. B Corps is an international body that assesses businesses based on the “highest standards of verified social and environmental performance, public transparency, and legal accountability to… [Read More…]

Capital Group has an interesting suggestion: why not turn the standard portfolio construction view for investors on its head? Why not reverse the traditional beta-heavy core and alpha-seeking satellites of the portfolios of most big super funds? The global manager believes that putting active strategies at the core provides more flexibility, and, ultimately, a better… [Read More…]

The AMP Capital exodus has spilled over to NZ with the chief executive, Bevan Graham, and long-time sales head, Greg McMaster, resigning today. In a note to clients, AMP Capital managing director Asia-Pacific, Craig Keary, said: “Bevan has done an outstanding job of leading the New Zealand team and has established strong relationships across clients,… [Read More…]

Pie Funds chief operating officer (COO), Paul Gregory, has returned to the Financial Markets Authority (FMA) after landing the newly created director of investment role. The regulator began recruiting for the director of investment this July in a role that will see Gregory head a new FMA team with responsibility for the managed investment scheme… [Read More…]

Just-appointed AMP Capital chief, Boe Pahari, has resigned along with AMP chair, David Murray, following intense pressure over a sexual harassment incident. The scandal has also claimed AMP director, John Fraser, who resigned at the same time. Pahari, however, will return to his previous role as head of infrastructure at AMP Capital. In a statement… [Read More…]

The NZ government has floated the idea of launching yet another investment fund to fill a perceived capital void in the mature, mid-market private company sector. According to a Cabinet paper released last week, many NZ companies need access to capital but are too small to list and don’t qualify as venture or private equity… [Read More…]

Auckland-based investment boutique Generate sliced fees down across all funds in August to reflect growing scale benefits. After lowering fees on its growth products by between 3-5 per cent, Generate has set “lower fees for all funds from August 2020”, according its latest KiwiSaver report. Generate now manages over $2 billion, almost all of it… [Read More…]

NZ ethical investing analysis website, Mindful Money, has channeled about $10 million into its approved KiwiSaver funds over the last 12 months. In a new report published last week, Mindful Money says it “has set a target of $50 million for year two”. “Anecdotal evidence from investors and fund providers suggests that the value of… [Read More…]

The country’s largest charitable fund, Foundation North, has squeaked into positive territory over the last financial year, returning just 0.6 per cent. But while the $19.5 million result was more than $70 million under budget, the almost $1.4 billion fund outperformed the -2.8 per cent recorded by its composite benchmark, the latest Foundation North financial… [Read More…]

Specialist consulting firm, Mosaic Financial Services Infrastructure, has appointed Nicole Buisson to its advisory board. Buisson, who has held senior roles in various industries both in NZ and offshore, was until recently Xero NZ small business and platform director. Prior to Xero she worked in several sectors including private equity, telecommunications and fintech. In a… [Read More…]