The autonomous taxi industry could generate annual revenue in “excess of US$10 trillion by the early 2030s”, Ark Invest founder, Catherine Wood, told a Nikko Asset Management roadshow audience in NZ last week. Wood said self-driving vehicles, expected to be on the market by 2020, would spark the rapid development of cabbie-less taxi networks that… [Read More…]
Investment News
‘Liquid’ private equity: it’s getting more sophisticated
‘Liquid alts’, as they are known, are attracting increasing interest – both good and bad. Within the category is the full range: hedge funds, private equity, infrastructure and property. Throw in a few other real and unreal assets. It’s a grab bag; but they are ‘liquid’. Liquidity became a big issue after the global financial… [Read More…]
Know your robot: wiring set for real-time regulation
Regulators will inevitably move to ‘real time’ policing of financial markets via technology, a new CFA Institute Research Foundation report says. According to the CFA study, authored by Bud Haslett et al, improving regulatory technology (or RegTech) “allows the development of continuous-monitoring tools” to pre-empt compliance breaches and speed up investigations. “… [RegTech] also fosters… [Read More…]
How Chinese politics may impact investors
The 19th National Congress of the Communist Party of China is due to take place on October 18. Who is elected to the new seven-person ‘standing committee’, may determine the trading and investment policies of China and, therefore, the rest of the world for the next few years. President Xi Jinping and premier Li Keqiang,… [Read More…]
Complectus goes halves with Direct Capital in loan deal
NZ private equity firm Direct Capital has taken an option to purchase half of trustee roll-up business, Complectus, under a convertible loan agreement signed this week. The Direct Capital deal comes in the wake of an aborted $200 million takeover bid for Complectus by Australian company Trustee Partners this June. Prior to the Trustee Partners… [Read More…]
Kings of KiwiSaver: 10th anniversary report now available
Investment News New Zealand (IN NZ), or its previous unbranded identity, has been closely tracking the KiwiSaver market since inception via its widely-read annual report report. Now in its 10th edition, the latest iteration of the IN NZ yearly KiwiSaver survey is available free to interested parties at this busy online location. The ‘King of… [Read More…]
Another electric quarter for Generate in sparky KiwiSaver market
Auckland-based boutique KiwiSaver scheme, Generate, continues to rocket up the rankings, new figures from Australian research house Strategic Insight (SI) reveal. During the June quarter, Generate funds under management (FUM) jumped by 15.4 per cent – almost double the next-fastest growing competitor, BNZ – to finish the period at almost $460 million. Launched in the… [Read More…]
Trustee Partners buys NZ/Hong Kong trust shop, mulls Complectus legal action
The Sargon Capital-backed Trustee Partners appears undeterred by its stalled negotiations with NZ trustee company roll-up hopeful Complectus and has, meanwhile, successfully negotiated the purchase of the smaller New Zealand Trust Company and the Hong Kong Trust Company. Sargon’s original NZ target, Complectus, however, owns FMC-licensed supervisors, Perpetual Guardian and Covenant. Philip Kingston, the chief… [Read More…]
WEF tips establishment to beat disruptors in upstarts wrestling match
Despite facing an onslaught of technologically-driven change “incumbents, not innovators, look poised to benefit” in the investment management game, a new World Economic Forum (WEF) report claims. The WEF report, titled ‘Beyond fintech: a pragmatic assessment of disruptive potential in financial services’, says the last few years have seen some “profound changes to the investment… [Read More…]
Anglicans go all in with new fee policy
The almost $40 million Anglican Church-run Koinonia KiwiSaver scheme has switched to an ‘all in’ fee based on funds under management (FUM) from its previous method of directly charging costs to members. According to Koinonia disclosure documents, the new fee regime will cover all “regular administration and management costs and expenses for trusteeship, administration and… [Read More…]