Investment News

The $74 billion NZ Superannuation Fund (NZS) has shot the lights out with a chunky one-year return and is now looking to “scale and optimise” the organisation as it eyes a projected doubling in size over the next decade. NZ’s sovereign wealth fund returned 16.85 per cent over the 12 months to 31 May, according… [Read More…]

Hedge funds clocked by niche researcher and multi-manager, Aurum, closed in on US$3 trillion during the first half of 2024 despite significant net outflows from the alternative investment universe. According to the Aurum study, hedge fund assets under management rose US$103 billion over the six-month period to nudge the US$3 trillion mark as almost US$150… [Read More…]

A quartet of amateur Australian stock-jockeys face jail under charges laid last week in what looms as a landmark case for social media-based financial crime. Syed Yusuf, Larissa Quinlan, Emma Summer, and Kurt Stuart risk a maximum prison term of 15 years and fines up to A$1 million if found guilty of “conspiracy to commit… [Read More…]

Mercer and Harbour will share an almost $450 million mandate from the local government superannuation and KiwiSaver schemes as part of the ANZ exodus from the wholesale market. ANZ managed more than $366 million for the Supereasy KiwiSaver and a further $81 million for the related Local Government Superannuation Scheme as of March 31 this… [Read More…]

Median KiwiSaver fund returns ended virtually identical across all risk profiles during the June quarter, according to the just-released Melville Jessup Weaver (MJW) investment survey. The MJW study shows average KiwiSaver fund performance held in an unusually tight band of 0.6 to 0.8 per cent for the three-month period. Growth and moderate funds reported the… [Read More…]

Long-time Milford global equities portfolio manager, Felix Fok, has joined Jarden Wealth to run international shares for the FirstCape subsidiary. Fok replaces Jeremy Ward, who left Jarden in February to take up a portfolio management position at Alvarium – the Auckland-based investment group that includes Pathfinder in its stable. In his new role, he will… [Read More…]

Industry players, regulators and consumers could gain clearer insight on ‘fairness’ in finance from the results of a new study, according to Financial Markets Authority (FMA) chief economist, Stuart Johnson. Johnson said the findings from a novel FMA survey of almost 3,000 New Zealanders should prove useful to financial service providers as they ready for… [Read More…]

Australian-listed exchange-traded funds (ETFs) are on course to hit A$500 billion within the next five years as net flows continue to outpace unlisted counterparts, according to the latest Betashares half-yearly update. The Australian ETF funds under management (FUM) surpassed A$200 billion for the first time, finishing the first half of 2024 at more than A$205… [Read More…]

Active investors following the ancient way of diversification are hurting. With just a handful of US stocks driving recent market returns on the back of artificial intelligence (AI) dreams, traditional risk management strategies have been a drag on performance. But Greg Fleming, Salt Funds head of global diversified funds, says patient investors can stand the… [Read More…]

Fund managers will have to find space in already tightly constrained disclosure documents for climate-reporting information under proposed guidelines released by the Financial Markets Authority (FMA) last week. The draft FMA ‘information sheet’ says climate disclosures “are likely to be material information that may influence an investor’s decision making” and should be referenced in product… [Read More…]