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…]
Investment News
Big news week at Perpetual: read all about it…
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…]
Equities stay hot, but no boil-over (yet), AMP Capital
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…]
Secular stagnation is a ‘stagnating theory’ – Robeco
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 hits the bigger time
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…]
Morphic makes direct hit on platform, Rabo transition at half-way point
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…]
Demand for CFA qualification booming in digital times
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…]
New Hart operation snares Goldman, Fisher investment managers
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…]
Ngāi Tahu tests market for KiwiSaver, investment option upgrade to $64m savings scheme
In what would be the first new KiwiSaver to launch in almost two years, Whai Rawa, the funds management arm of South Island iwi Ngāi Tahu, could roll out a branded scheme early in 2018, according to group’s executive director, David Tikao. Tikao said following a two-year review process instigated by parent group Te Rūnanga… [Read More…]
Advice law reform delayed…
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…]