Investment News

Pinnacle Investment Management, a multi-affiliate manager and incubator, is fostering a new boutique focusing on a concentrated Aussie equities strategy. Some of Macquarie Investment Management’s star portfolio managers will lead the new firm from early next year. Following the success of its launch of the Antipodes Partners take-out from Platinum Asset Management last year, and… [Read More…]

Geoff Lloyd, the managing director of Perpetual Trustees, announced last Monday he would leave the firm next year. That was a shock. Then, on Friday, Amanda Gillespie, the chief executive of research firm Lonsec, announced she would join Perpetual in a new role. What’s going on? Lloyd will have racked up about eight years at… [Read More…]

Goldilocks remains seated in her right-sized chair tucking into a bowl of piping hot equities but the bears may have turned for home, the latest AMP Capital NZ quarterly market analysis suggests. While global share markets were unlikely to experience “significant further upside” over the rest of 2017, the risk of a major market correction… [Read More…]

In its latest major study of markets, Netherlands-headquartered global manager Robeco addresses the question: “is secular stagnation for real?” The study on expected returns for the next five years, entitled “Coming of Age”, thinks stagflation is unlikely. The report says that the phenomenon of stagflation – which was a scourge of the 1970s in the western… [Read More…]

Kiwi Wealth joined the $5 billion high club during the September quarter staking a claim as the country’s largest 100 per cent locally-owned retail fund manager. Excluding the $7 billion plus Fisher Funds, which counts US private equity firm TA Associates as a large minority shareholder, the government-owned Kiwi Wealth would be vying for the… [Read More…]

An Australian boutique manager focusing on companies exposed to ‘transformative’ global trends appears to have hit the mark with local investors, according to Mike Heath, general manager of direct fund platform, InvestNow. Heath said the Morphic Asset Management ‘Global Opportunities Fund’ – co-founded by former Hunter Hall portfolio manager, Jack Lowenstein – achieved crowd-favourite status… [Read More…]

Fintech has not sounded the “death knell” for high-quality investment advisers and analysts, according to CFA Institute head of Asia Pacific, Nick Pollard. Pollard, in NZ last week for the local CFA Society AGM, said well-qualified humans were still in demand despite the rise of automated investment and advice systems. “We surveyed our members recently… [Read More…]

NZ’s wealthiest man is setting up a local investment team headed by ex-pat Goldman Sachs manager, Simon Robertson. It is understood the NZ investment team – which features latest recruit Fisher Funds Australian equities portfolio manager, Manuel Greenland – will manage a portion of the $5 billion or so retirement fund assets of US entities… [Read More…]

The financial advisory reform program could be kicked a further six months or more down the road as the new Labour-led government prioritises other legislative initiatives. Notably absent from Labour’s 100-day ‘action plan’, the Financial Services Legislation Amendment Bill (FSLAB) would not get a first reading before Christmas this year as flagged earlier, according to… [Read More…]