Investment News

Wellington-founded infrastructure investor, Morrison & Co, has claims as the largest privately owned NZ fund manager, ranking at 402 on the 2023 Thinking Ahead Institute (TAI) top 500 list. Morrison is the only NZ entry in the table, although it gets the pavlova treatment with TAI labelling the manager as Australian. Boasting about US$24 billion… [Read More…]

The Australian Securities and Investments Commission (ASIC) has put the country’s ‘digital asset’ sector on notice of tough new regulations ahead Speaking at an industry event last week, ASIC commissioner, Alan Kirkland, said the regulator had “already begun thinking about implementation” of looming reforms set to bring crypto-asset platforms under the financial services licensing regime… [Read More…]

BNP Paribas Securities Services is on track to roll out a suite of global solutions in the NZ market, according to top custody executives from the group on a whistle-stop tour of the region last week. Philippe Benoit, the Paris-based head of BNP Paribas strategic business development and transformation securities services, said the group was… [Read More…]

Australian private debt specialist, Revolution Asset Management, has opened up its flagship fund in a portfolio investment entity (PIE) wrapper for NZ wholesale and institutional clients. The PIE feeds into the underlying Revolution Private Debt Fund II, an Australia-domiciled vehicle launched in 2019 targeting assets such as “private corporate loans, real estate debt (no construction… [Read More…]

In the first half of 2022 the market fell almost as much as it did when Europe tumbled into World War Two. Then it reversed course – and famed bubble spotter Jeremy Grantham says a new artificial intelligence bubble is the cause. Jeremy Grantham made his career calling and dodging market bubbles, so it’s inconvenient… [Read More…]

The increasingly popular catastrophe bond market is unlikely to suit the majority of NZ investors due to opaque risk disclosures and byzantine fee arrangements Makao Investments argues in a new paper. Published last week, the Makao analysis says while ‘cat’ bonds can act as a good portfolio diversifier, underlying product nuances render the asset class… [Read More…]

Along with most other alternatives, private equity has traditionally been a game for the big end of town. But storied UK-headquartered investment firm, Schroders, is looking to take private equity (PE) down to street-level NZ investors with a fund-of-funds strategy designed to resolve some long-standing retail roadblocks to the asset class. On tour this side… [Read More…]

Many of the world’s largest institutional investors are doing what the market tells them and moving faster on asset allocation changes and investment decisions as uncertainty spikes. According to the 2024 EQuilibrium survey published by US asset manager Nuveen last week, a more uncertain investment environment is accelerating the pace at which some institutional investors… [Read More…]

ANZ Investments has suffered a double-blow with two long-time senior members of the funds management team set to leave. The bank-owned business told clients today that Craig Tyson, head of Australasian listed property, and Maaike van Tol, head of asset allocation, would both be exiting the $33 billion plus funds management business over the next… [Read More…]

BNZ Investments has given notice to all third-party fund managers looking after Australasian assets in a move that will likely see Castle Point, Mint, Nikko and the First Seniter RealIndex stripped of mandates. The decision follows the formal Jarden shareholder vote last week approving the creation of FirstCape – the new entity set to house… [Read More…]