Investment News

The International Monetary Fund (IMF) has urged regulators to keep a watching brief on private debt as the once obscure asset class enters the investment mainstream. Included in its 2024 Global Financial Stability Report released this month, the IMF says budding risks in the now US$2.1 trillion plus market require closer scrutiny from regulators. “Authorities… [Read More…]

The $24 billion Fisher Funds is set to consolidate registry under Apex Investment Administration in a blow for long-time incumbent, Trustees Executors (TE). According to a Fisher statement issued last week, the administration change “was a logical move, particularly considering [the Apex] association with the registry responsible for managing the former Kiwi Wealth business”. Nilesh… [Read More…]

The Consilium-run funds management brand, Evidential, has pulled in well over $400 million soon after launch for its new value-tilted global small-to-mid cap equities vehicle. Officially live early in April, the Evidential Sustainable Targeted Factor Fund will end this week with $420 million under management, largely reallocated by financial advisers from similar international share strategies… [Read More…]

Resolution Life will retain Nikko as an underlying fund manager following its $410 million purchase of the Asteron Life NZ business from Suncorp last week. After the deal closes “Nikko will… become one of Resolution Life’s external managers and be subject to Resolution Life’s usual multi manager monitoring and review framework”, a spokesperson for the… [Read More…]

Retail investors will have access to so-called ‘green’ bonds on the same disclosure-lite terms as colourless NZX-listed fixed income securities under proposals tabled by the Financial Markets Authority (FMA) last week. Liam Mason, FMA general counsel, said the regulator opened consultation on the mooted ‘same class’ exemption following feedback from industry and sustainable finance lobby… [Read More…]

The NZ Superannuation Fund (NZS) has filled one governance vacancy, naming Tainui Group chair, Hinerangi Raumati-Tu’ua, as a new board member last week. Raumati-Tu’ua has held “directorships with iwi organisations, listed companies, and Crown and Council-Controlled entities, among them the Reserve Bank of New Zealand and Genesis Energy”, according to a NZS statement. Newly appointed… [Read More…]

Another financial adviser organisation has formally emerged from two ‘legacy’ groups amid a proliferation of niche industry associations. In a move flagged last year, the Triple A Advisers Association – a life insurance-related group with roots dating back to 1949 – and Plus4 Insurance Solutions have joined up to create a body that will “initially… [Read More…]

Investors should prepare for the old normal to flare-up as seen in the 1970s of entrenched inflation and short, volatile market cycles, according to Wellington Management macro strategist, John Butler. Butler says in a recent note that the last two decades of mostly benign economic conditions of almost no inflation in either growth or flat-to-negative… [Read More…]

Every investor wants access to the private markets, and every manager – established or otherwise – wants to help them get it. But when there’s a “new product every day”, how many of them will be any good? It’s still a tough fundraising environment for private market managers, with potential investors holding their breath –… [Read More…]

The NZ Superannuation Fund (NZS) has confirmed chief investment officer, Stephen Gilmore, has resigned after winning the same position at one of the world’s largest pension funds. Gilmore will leave the $70 billion plus NZS to assume the CIO gig at the almost US$500 billion Californian government employee pension fund, CalPERs in June. His departure… [Read More…]