Investment News

Several large Australian superannuation funds were stung with a coordinated cyber-attack at the end of March that saw a handful of accounts drained and member data stolen. In a warning for KiwiSaver providers to ensure digital security arrangements are up to date, the targeted hack saw some members of AustralianSuper – the biggest fund in… [Read More…]

The Responsible Investment Association of Australasia (RIAA) has called for a “cohesive framework” in NZ for naming funds marketed as ‘sustainable’ and the like. According to a new report based on a survey of 1,000 New Zealanders, accurate fund branding could help dispel so-called ‘greenwashing’ concerns that has proven one of the main barriers to… [Read More…]

Global fund network, Calastone, has switched on a new service allowing asset managers to convert traditional products into ‘tokenised’, blockchain-friendly vehicles. In a release last week, the UK-headquartered firm said the Calastone Tokenised Distribution system offers a “frictionless” route for managed funds into the growing blockchain-verse built on protocols such as Ethereum, Polygon, and Canton…. [Read More…]

A reconstituted BlackRock is poised to crack open private markets for everyday investors in a transition that could see a 20 per cent allocation to alternative assets as standard, according to chief executive, Larry Fink. Fink told investors in his annual letter last week that the firm had radically transformed from a regular stock-and-bond shop… [Read More…]

The KiwiSaver market is set to welcome another player to the competition after a long dry period with a second Consilium offer due to go live mid-April. Launched under the Consilium in-house investment banner, Evidential, the new KiwiSaver offer targets mid-market advised members via a mix of three diversified funds as opposed to the group’s… [Read More…]

The $700 million Rātā Foundation has taken a 25 per cent stake in Alvarium Wealth/Pathfinder while also awarding Pathfinder a $10 million mandate amid a clean-out of its Australasian equities managers. Under the deal revealed today, Rātā will own a quarter of Alvarium Wealth Management Holdings – the parent entity of the NZ Alvarium wealth… [Read More…]

Foundation North chief, Peter Tynan, has resigned According to a statement from the Foundation North board, Tynan will end his six-year tenure at charitable trust “at the end of August this year”. “Trustees and staff respect his decision to move on and warmly thank him for his significant contributions,” the statement says. “Through the disruptive… [Read More…]

The $35 billion ANZ funds house has rejigged its investment line-up, appointing the world’s largest active bond manager to an equities mandate while dropping Tyndall from an Australian shares gig. In an update released last week, ANZ named global fixed income giant, PIMCO, as the fifth option in an international shares multi-manager roster that also… [Read More…]

Another Australia-based manager has jumped on the PIE-wagon with the launch of a global equities product built for the NZ market. The sustainability-focused Pella Global Generations Fund was released in portfolio investment entity (PIE) format last week by local fund-hosting market leader, FundRock. It is understood that the Pella PIE has been seeded by a… [Read More…]

The Financial Markets Authority (FMA) has confirmed about 20 jobs are on the line as the regulator seeks to rein-in spiraling expenses. As reported here, the FMA told parliament earlier this year it had embarked on a range of cost-cutting measures on government instructions to reduce spending. In replies to wide-ranging parliamentary questions, the regulator… [Read More…]