Investment News

At the closely watched September meeting of the U.S. Federal Open Market Committee, Chair Janet Yellen and the Committee kept interest rates on hold. Russell Investments’ strategists delve into what this record run of near-zero U.S. official interest rates means for New Zealand investors.   What does the announcement signal? OK, so we’ll wait a… [Read More…]

Australian-based infrastructure manager CP2 (formerly known as Capital Partners) has been dropped from the New Zealand Superannuation Fund (NZS) roster. NZS would now manage in-house the approximately $370 million previously held by CP2 in two separate mandates in-house, a spokesperson for the fund said. According to the NZS spokesperson, the move came after CP2 sold… [Read More…]

The New Zealand Superannuation Fund (NZS) climbed more than 50 places in the latest Towers Watson survey of the world’s largest pension funds. According to the Towers Watson survey (produced in association with US-based publication Pensions & Investments), as at the end of 2014 the NZS sat at 224 on the list of the top… [Read More…]

Another major NZ Crown Financial Institution custody gig is up for grabs following the appointment earlier this year of JP Morgan to the $30 billion plus Accident Compensation Commission (ACC) fund. While JP Morgan was previously shared custody with Northern Trust at ACC, this time around it is sole incumbent at the open-for-tender dual custodial… [Read More…]

Mercer has made digital history becoming the first managed investment scheme to publish on the new Ministry of Business, Innovation and Employment (MBIE) ‘Disclose’ website. Disclose was designed as the document portal for all financial products and licensed under the Financial Markets Conduct Act (FMC). The site has two registers – schemes and offers –… [Read More…]

Fund managers and asset owners were developing an “insatiable appetite” for data as risk management comes to the fore, according to Madhu Gayer, BNP Paribas, head of investment reporting and performance. The Singapore-based Gayer, in New Zealand recently consulting with clients, said factors such as regulatory compliance, portfolio stress-testing, post-GFC risk awarness, and ethical investing… [Read More…]

Richard Bodman, First NZ Capital (FNZC) compliance chief, has resigned after a 17-yea r career with the company. Bodman was also a director of Harbour Asset Management and co-ordinated compliance at the funds management firm, which is majority-owned by FNZC. He will also step down from the Harbour board role. Jody Kaye, Harbour chief operating… [Read More…]

A funds management business associated with accountancy firm, Staples Rodway, is looking to branch out into the wider market with a global ‘best of breed’ and product ‘repackaging’ offer. Recently repackaged itself as GSR (formerly known as Gottex Staples Rodway), the funds business plans to launch two or three new ‘best of breed’ international products… [Read More…]

Aurora Funds Management is conducting a capital raising for its listed Australian real estate investment trust (A-REIT) and has targeted New Zealand investors looking for good yield with downside protection. Aurora, a Sydney-based hedge fund manager which pioneered the ETP (exchange traded product) market in 2005, has been working with the New Zealand brokers, including… [Read More…]