Investment News

Pathfinder parent, Alvarium, is hiring for a new chief investment officer (CIO) to replace interim incumbent, Wayne Ross. Ross took over CIO duties at the diversified financial services firm last February following the exit of Pathfinder co-founder, Paul Brownsey. In its recruitment blurb, Alvarium says after making “several high-profile senior appointments in recent years”, the… [Read More…]

As the search for higher yields intensifies in today’s relatively low-rate environment, investment professionals are increasingly drawn to non-traditional fixed interest products to meet the income needs of their clients. Heathcote Investment Partners founder, Clayton Coplestone, explains why ‘exotic’ fixed income strategies also come with non-traditional risks…   High-yield bonds, leveraged loans, collateralised loan obligations… [Read More…]

Global investors have overwhelmingly favoured fixed income strategies since 2019 as measured by net transaction flows gushing through the pipes of fund network firm Calastone. According to a new analysis by the back-office technology provider, bond funds have attracted more cash during the six years to the end of 2024 than “all other asset classes… [Read More…]

Vanguard has trimmed fees on almost 90 funds across multiple asset classes in an historic cost-cutting extravaganza tipped to save investors US$350 million this year. In a release last week the passive investment giant revealed price reductions of between 0.01 per cent and 0.06 per cent on 87 funds, representing almost a quarter of its… [Read More…]

The global hedge fund sector saw net outflows across most strategies over 2024 despite racking-up its best calendar year performance in more than a decade. In a new study, UK-based niche research group, Aurum, says the overall hedge fund market spawned the best returns last year since the first post global financial crash year of… [Read More…]

The Australian Future Fund had a relatively rosy 2024 but is sticking with its prediction that the global economy will become more fragmented and difficult to navigate for even the largest and most sophisticated institutional investors. Australia’s sovereign wealth fund returned 12.2 per cent over 2024, adding $26 billion of value and bringing total funds… [Read More…]

The $18 billion plus Westpac-owned funds management group BTNZ is to in-source registry function in a rare administrative move. BTNZ chief, Nigel Jackson, said the manager opted to internalise registry following a review of the “operating model and an extensive RFP process”. “We’re keen to deliver the best possible experiences for our customers and believe… [Read More…]

NZ fund managers can look forward to significant climate-reporting relief under a raft of measures put forward late in 2024 including a tiered compliance system expected to be in place by the end of this year. In addition to a delay in mandatory carbon emissions audits (among other amendments) contained in an October consultation, the… [Read More…]

Veteran Magellan head of investments and listed infrastructure leader, Gerald Stack, is to step down amid a portfolio management reshuffle at the ASX-listed fund manager. Stack, who joined Magellan in 2007 soon after the company was founded following an eight-year career at Capital Partners, will officially depart in July to “ensure a smooth transition of… [Read More…]

Under-pressure Franklin Templeton affiliate, Western Asset Management (WAMCO), has clocked-up about US$120 billion of net outflows since fraud allegations emerged at the fixed income firm last August. In its December quarter results released last week, parent company, Franklin Resources, said WAMCO would likely see a further US$17 billion exit the manager in January following US$68… [Read More…]