Investment News

Auckland-headquartered fund administration firm, MMC, has brought on board two new high-profile directors following a period of rapid growth. Carmen Vicelich, serial entrepreneur, and Paul Mersi, well-known NZ financial services expert, both join MMC as independent directors effective July 1. Vicelich has a 20-year track record in the NZ banking and mortgage-lending markets, most recently… [Read More…]

The Financial Markets Authority (FMA) will establish a new top table executive role with oversight of the local investment industry. With funding set to increase by about $7 million this financial year, the FMA is now able to splash out on senior staff including the imminent director of investment position. In a recently released job… [Read More…]

Fund manager business risks have spiked upwards during the coronavirus crisis with further fall-out likely as the shockwaves reverberate, according to a new Mercer NZ paper. The ‘Riders on the storm’ report, authored by Mercer NZ head of consulting David Scobie, says the COVID-19 market disruption has put a strain on fund management business models… [Read More…]

Start-up passive fund provider Kernel Wealth has doubled its product offering with a suite of three new global funds scheduled for launch on July 15. The three new Kernel global equity funds – covering infrastructure, consistent dividend-paying companies and an assortment of 100 well-known brands – join the firm’s three NZ share products released last… [Read More…]

There are more than 3,000 companies underlying the MSCI All Country World Index (ACWI), each with a story to tell, but Kiwi Invest portfolio manager, Nathan Field, isn’t interested in hearing their plot details. For Field, who runs the $1.6 billion Kiwi Invest Global Thematic Fund, stock-specifics come secondary to the overarching investment idea. “For… [Read More…]

When Research Affiliates set up an Australasian office in mid-2018, it probably knew it would cause a stir. It agreed for Australian Mike Aked to go home to Melbourne to set up the new business. He is country head and head of research and strategy. He was the former head of asset allocation globally at… [Read More…]

An Australian-based compliance software firm is sounding out the NZ market for demand around a new solution designed to objectively measure how financial advice firms meet regulatory ‘client first’ standards. Ray McHale, founder and chief of MyNextAdvice, said financial advisers in many jurisdictions – including Australia, NZ and the US – now faced tough client… [Read More…]

Brendan Burwood has just one more task ahead of him now: to negotiate an exit for shareholders in the listed shell of the former Chant West Holdings, to end a corporate saga which started when the software customisation company Enzumo Ltd acquired the business of fund research company Chant West in December 2015. After settling… [Read More…]

The Netherlands-headquartered investment performance attribution firm, Ortec Finance, has completed the NZ double after landing the Accident Compensation Corporation (ACC) fund as a client. In a deal confirmed late in June, the ACC will use the Ortec PEARL platform to evaluate investment attribution across the $44 billion fund, joining the same-sized NZ Superannuation Fund (NZS)… [Read More…]

The standalone employer superannuation world is about to shrink further with one of the largest remaining schemes due to flick the master trust switch. Members of the long-established BNZ Officers Provident Association (OPA) super fund should find out the scheme’s preferred master trust provider this week with industry sources tipping Mercer as the likely winner…. [Read More…]