Investment News

Link Group, which entered the managed funds administration business late last year with the acquisition of White Outsourcing, looks likely to shake up this disaggregated part of the industry following a re-branding exercise to be announced today (June 19). White Outsourcing is the main competitor for what is the only “full-service” managed fund outsourcing company… [Read More…]

Link Group has launched its ‘integrated voice and online shareholder meeting service’, which the company believes will take meetings into the new age. Importantly, it allows more shareholders to attend more meetings. The announcement of the formal offering was at the annual general meeting of Z Energy in New Zealand last week. The company supplies… [Read More…]

High net worth advisory firms are ahead of fund managers in the digital transformation of business practices, according to a new survey by UK-based Create Research. The ‘Digitisation of asset and wealth management: promise and pitfalls’ report published last week found upper-end financial adviser firms (described as wealth managers in the survey) “are ahead of… [Read More…]

GQG Partners, the US global manager supported by Australian-listed Pacific Current Group, has celebrated its first anniversary by passing the US$5 billion mark in assets under management, more than A$1 billion of which is from Australian investors. Pacific Current (the former Treasury Group) is a minority shareholder and Australian and New Zealand distributor for Florida-based… [Read More…]

John Prendergast has resigned as CEO of the $200 million plus Community Trust of Southland (CTOS) after almost 20 years in the role. Industry sources have confirmed that Prendergast would officially exit CTOS early this month. Margot Hishon, CTOS board of trustees chair, declined to comment on the news nor whether the trust would recruit… [Read More…]

Platform provider FNZ has almost doubled net profit after tax for its NZ-domiciled business over the 2016 calendar year as assets under administration closed in on $11 billion. According to the recently-published FNZ Holdings (NZ) accounts, the firm’s almost $4.8 million after-tax profit came on the back of $29.6 million in operating revenue and about… [Read More…]

The NZX is looking for a new head of funds management after incumbent, Aaron Jenkins, resigned last month to end a two-year stint in the role. Jenkins, who took on the newly-established funds management position in May 2015, quit to “return home to Sydney” with his family, an NZX statement says. As head of funds… [Read More…]

Harbour Asset Management has rejigged its Income Fund with a new mandate encompassing a broader range of underlying assets and more scope for active management strategies. Mark Brown, Harbour head of fixed income portfolio management, said the revised approach would enable the fund to invest directly in assets including high-yield debt and loans. Under the… [Read More…]

Link Group has bought the Adviser Network from Lonsec Fiscal Holdings, which is the holding company for SuperRatings too, giving it an additional range of services to offer its big super funds and other clients, including robo-advice and advice compliance. The Adviser Advice business, founded in 2011, provides digital and advice services to a large… [Read More…]

The Australian financial regulator has fast-tracked licensing for 33 fintech entities under its two-year old ‘Innovation Hub’ program, a report issued last week reveals. According to the Australian Securities and Investments Commission (ASIC) report, the Innovation Hub – launched in March 2015 to streamline licensing for fintech firms – had dealt with 168 entities as… [Read More…]