In a tilt at an under-serviced middle market, Mint Asset Management is to launch a new fund allowing investors to dial risk up or down according to taste. Rebecca Thomas, Mint chief, said investors in the Diversified Growth Fund (DGF) – due to go live on December 10 – could set risk exposures in “any… [Read More…]
Investment News
Epoch, Principal dropped as Nikko anoints new global manager
Nikko Asset Management has shaken up the roster for its $300 million multi-manager global shares fund. In a note to investors, George Carter, Nikko NZ chief, says following a review the global equity multi-manager fund dropped Epoch and Principal Global Investors (PGI) from the mix while appointing Royal London Asset Management (RLAM). Nikko invested in… [Read More…]
Value investing: how Māori venture does it with aroha
Investors don’t typically run up against concepts like whanaungatanga and aroha during the due diligence process. But a just-launched partnership between an experienced Māori duo and JMI Wealth has included those two qualities among a raft of Te Reo terms under its unique – possibly world-first – investment strategy. Temuera Hall, co-founder of the Māori… [Read More…]
Nothing ventured: government start-up fund urges big thinking
Leaders of the government-run NZ Venture Investment Fund (VIF) have argued that local institutions must step up to the start-up challenge. In the VIF annual report published last week, the fund chair, Murray Gribben, and chief executive, Richard Dellabarca, make the case for greater local institutional support at the tiny end of town. “There is… [Read More…]
ETFs continue to break new ground
The ASX has delivered on its promise from a few years ago to build an “investor supermarket” covering not only listed companies but a range of other strategies and opportunities from professional managers. The ETF market, coupled with the expansion of listed investment companies and listed investment trusts, has been its shining glory. To its… [Read More…]
Everett outs the elephant: how boards and management must lead the financial herd
Financial Markets Authority (FMA) chief, Rob Everett, has called on directors and senior staff to change corporate culture with actions, not words. Everett told a recent Institute of Directors gathering that corporate culture was defined by group behaviour rather than individual moral standards with company leaders responsible for setting the tone. “In asking themselves whether… [Read More…]
Margin fall could tip 25% of fund managers into the red, Casey Quirk
Up to a quarter of all asset management firms could be losing money by 2028, a new study by specialist consultancy firm, Casey Quirk, has found. According to the Casey Quirk report, while fund managers have been shielded by years of rising markets, underlying secular trends “will push many to the brink of unprofitability” over… [Read More…]
How quants capitalise on investment styles
It is often said that momentum, as an investment style, adds value on average over time. And the stats say that is true. In fact, compared with other styles, such as value – the grand- daddy of all styles – it works right up until the time it doesn’t work. Here’s how quants use it…. [Read More…]
Slowing appetite for hedge fund strategies – EY
Market conditions and changing investor preferences are creating new challenges for hedge fund managers’ capital raising ambitions, allowing alternatives funds to gain favour with investors, according to EY’s annual alternative funds survey, ‘Global Alternative Fund Survey – At the Tipping Point: Disruption’. The 12th annual survey (formerly the EY Global Hedge Fund Survey) found that… [Read More…]
$1bn flight risk as super fund on-boards options
Close to $1 billion is up in the air in one of the biggest superannuation fund tenders for years approaches touchdown. It is understood the almost $1 billion Air NZ superannuation fund had short-listed a handful of candidates for the top-flight gig with a decision expected before Christmas. Air NZ confirmed the tender was underway… [Read More…]