Investment News

A global survey of 2,000 investors and 500 investment providers sponsored by State Street has identified three main aspects of data that will define stewardship for the digital age. The three aspects of data and its management are: integration, the ability to combine both structured and unstructured data intelligence, the ability to draw new insights… [Read More…]

After scoring twice and hitting the post a few times, the Financial Markets Authority (FMA) has claimed victory in the long-running legal war with Milford Asset Management portfolio manager, Mark Warminger. In a statement following the release of the Auckland High Court last Friday, FMA chief, Rob Everett, said the regulator was “pleased with the… [Read More…]

The New Plymouth District Council completed the wind-down of the sometimes-controversial Taranaki Investment Management Limited (TIML) last week, sacking the three-person staff previously responsible for running the $270 million Perpetual Investment Fund (PIF). Council minutes from a February 16 meeting confirm the TIML team, headed by Mike Trusselot, would “be made redundant from 28 February… [Read More…]

Michael Gordon* explains why a purely passive world could be expensive to society   The rise of passive management is one of the greatest and probably most significant trends in asset management in recent years. The case for passive investing is well known and is hard to refute. However, there are hidden costs. Not just… [Read More…]

NZ Superannuation Fund (NZS) chief, Adrian Orr, has been named chair of the institutional investor ‘thought leadership’ group, the Pacific Pension & Investments Institute (PPI). Orr, who served as PPI vice-chair for the two years ending February 2016, also holds the top board role at the International Forum of Sovereign Wealth Funds (IFSWF). The PPI… [Read More…]

Historical evidence suggests global listed infrastructure would bounce back strongly after a poor run in the latter half of 2016 that included the worst monthly performance relative to equities for more than 10 years, according to new research from AMP Capital. In ‘Global listed infrastructure: not just a bond proxy’, AMP Capital says the recent… [Read More…]

Graham Rich’s Portfolio Construction Forum has expanded its reach in investor education with an arrangement with the University of Technology Sydney’s former Paul Woolley Centre, now known as the UTS Investment Management Research Program. The UTS program, still to be run by Professor Ron Bird, who set up the Paul Woolley Centre in Australia, includes… [Read More…]

Fresh from a European soujourn, Andrew Bascand, head of the just-recrowned Morningstar NZ Fund Manager of the Year Harbour Asset Management, reflects on the mixed messages the politically-charged continent is sending investors   The European political timetable is heating up, although politics is never far from the heart of European market sentiment. I visited London… [Read More…]

The Auckland high court has found Milford Asset Management portfolio manager, Mark Warminger, has breached market manipulation charges on two of the 10 counts brought by the Financial Markets Authority last year. According to the ruling released this afternoon, Warminger had carried out manipulation in relation to trades in Fisher & Paykel and A2 Milk… [Read More…]

Industry speculation is mounting that Bruce McLachlan, outgoing chief of the Co-operative (Co-op) Bank, will be confirmed as head of Fisher Funds following the expected exit of its eponymous founder next month. It is understood, McLachlan, who resigned from Co-op Bank last December would be confirmed in the role by the end of February. His… [Read More…]