Investment News

The global growth story, which the world has been witnessing for the past few months, or maybe even a year, is not all good news. It poses challenges for fixed income investors, with likely rising rates and currencies. But, as always, there are opportunities. According to Brandywine Global Investment Management, the Legg Mason-affiliated specialist fixed… [Read More…]

The Investment and Operations NZ survey is back. Following the success of last year’s inaugural research project, Investment News NZ (IN NZ) is once again asking for industry input on the issues of the day (and year). In 2016, the survey, conducted in association with BNP Paribas Securities Services NZ, confirmed anecdotal evidence that the… [Read More…]

Just two months after its official launch the Hunter Global Fixed Interest Fund has shot through the $400 million mark, more than doubling its debut target. Tony Hildyard, Hunter chief, said the NZ-domiciled fund – a PIMCO-managed global fixed income product structured as a portfolio investment entity (PIE) – was on track for $465 million… [Read More…]

The Andrew Barnes-backed Complectus fetched above $200 million in the trade sale to Australian-based Trustee Partners announced last week, industry sources have confirmed. Complectus – an amalgam of NZ trustee firms including Perpetual, Guardian and Covenant – ditched plans last November to list in an IPO expected to raise $150 million. Barnes said in a… [Read More…]

New Zealand’s major banks have all argued for an early pass to supply robo-advice services under the proposed new financial advisory regime, submissions published last week on the Financial Services Legislation Bill (FSL) reveal. The bank submissions, included among a Ministry of Business, Innovation and Employment (MBIE) data dump of 113 FSL documents (out of… [Read More…]

The Financial Markets Authority (FMA) remains “very pro innovation”, the regulator’s capital markets director, Garth Stanish, told an Auckland fintech conference last week. In a panel session at the CFA Institute ‘Disruptive innovation in financial services’ symposium held at the Hilton Hotel, Stanish said the FMA strongly supported “innovation and new technology”. “It would be… [Read More…]

ADM Capital Europe LLP, a global private equity and investment advisory firm based in London, has raised US$100 million for the first close of its global agribusiness investment fund, the Cibus fund. It will be looking for a total of about US$500 million for the fund, including from Australian and New Zealand investors, where some… [Read More…]

New Zealand exchange-traded funds (ETFs) are significantly less reliable trackers of the underlying indices than global peers, a recently-published study has found. According to the study by Auckland University of Technology academics Jun Chen, Yi Chen, and Bart Frijns, the finding that the three NZX-based ETFs it analysed veered well off-benchmark compared to international products… [Read More…]

Heitman, the global property fund manager, has opened an Australian office, with the appointment of experienced sales and marketing executive Beau Titchkosky as managing director, client service and marketing, for Australia and New Zealand. The move gives the US-based manager a second leg to its Asia Pacific reach. John White, an Australian in Hong Kong,… [Read More…]

Nikko Asset Management and AMP Capital were named best in class for their efforts in managing equities and bonds, respectively, at last week’s INFINZ awards. On the night, Stuart Williams, Nikko head of equities, stepped up to accept the Chapman Tripp-sponsored INFINZ equity fund manager of the year award, secured in tight one-on-one battle with… [Read More…]