Investment News

Nikko Asset Management NZ has poached AMP Capital head of distribution, George Carter, to head the business following the imminent departure of current chief Peter Lynn. It is understood Lynn has been promoted internally to a role with the Nikko Singapore business. In a note to clients this morning, AMP Capital chief, Grant Hassell, confirmed… [Read More…]

The recently-reformulated S&P/NZX index business could face renewed competition in New Zealand with FTSE Russell understood to be making a play for disgruntled local fund managers. Recently-hired FTSE head of Australasia Justin Walsh, was in New Zealand last week on client visits with potential fund manager demand for a rival local index on the agenda,… [Read More…]

ANZ Wealth has looked in-house to fill two new fixed interest roles created as its Auckland-based team assumes broader responsibility for the bank’s Australasian investments. As reported on Investment News NZ (IN NZ) last month, ANZ shifted its entire Australasian fixed income unit to Auckland under a revamp of its approach to managing trans-Tasman assets…. [Read More…]

AMP Capital has given a big leg-up to the Australian equities boutique Alphinity Investment Management through its Future Directions fund’s $2 billion domestic shares allocation. It has redeemed the mandate with its own fundamental long/short fund, following some staff moves, to fund the Alphinity mandate. The AMP Capital Multi-Asset Group manages money across the spectrum… [Read More…]

Financial advisers have been offered a discretionary investment management services (DIMS) disclosure escape clause under proposals floated by the regulator last week. The Financial Markets Authority (FMA) would exempt Authorised Financial Advisers (AFAs) from the requirement to supply product disclosure statements (PDS) for “personalised” DIMS. While ‘personalised’ DIMS – or model portfolios tailored for individual… [Read More…]

The global appetite for infrastructure assets has picked up considerably in recent years, according to Justin Lannen, portfolio manager with Australian boutique firm Maple-Brown Abbott (MBA). Lannen, who runs the MBA global listed infrastructure team, said the asset class has attracted a broad range of investors seeking stable returns over long time-frames – with the… [Read More…]

A new cloud-based share investment “information platform” launched in New Zealand last week, hoping to engage a wide local audience before taking on the world. According to founder and managing director, Daniel Kieser, Shareclarity, an online crowd-enhanced investment chat-room, is a “first-of-a-kind” forum bringing together up-to-date economic data, official company information, equity valuation metrics, and… [Read More…]

Boutique absolute return multi-management firm NZAM has named local business stalwart, Sir John Anderson, as chairman, replacing Andrew Clements in the role. Anderson headed the National Bank from 1989 until 2003, and its successor organisation, ANZ National, from 2003 to 2005. He is also current chairman of Steel & Tube Holdings and NPT, Turners &… [Read More…]

With the kick-start of a lazy $3 million from Geoff Wilson’s family foundation, the Future Generations global listed investment company, which debuted on the ASX last Thursday, attracted a glittering array of celebrity investors. Interestingly, it also attracted some mental health and other charities as shareholders. The LIC sponsored by Geoff Wilson’s Wilson Asset Management,… [Read More…]

Over the previous six months global equity markets have dropped rapidly from a great height, and, according to Harbour Asset Management portfolio manager and director, Shane Solly, investors could face a long climb back to the top…   Markets are in a corrective phase led by sentiment. There is a saying in investment markets, ‘markets go… [Read More…]