Investment News

Salt Funds Management has held off seven Australian rivals to take out a top regional investment award in Hong Kong last week. As reported last month, the Salt Long Short Fund was one of eight contenders in a group including Regal, Auscap, Antares as well as Perpetual and Pendal (the latter two now merged) in… [Read More…]

Newly installed Magellan executive chair, Andrew Formica, has hung his hat on active management and technology to lift the now A$34.3 billion firm out a two-year funk. Formica told the embattled group’s AGM last week that the business, which has seen assets under management shrink by 70 per cent since December 2021, is well-placed to… [Read More…]

Like justice, impact investing must be seen to be done. And at 58 pages, the second Harbour Asset Management Sustainable Impact Fund report released today shows the investment style is a disclosure-heavy process. “Impact measurement across different environmental and social pillars can be challenging, especially when trying to compile metrics for the entire portfolio and… [Read More…]

Trustees Executors (TE) has adopted an executive triumvirate following the departure of chief, Ryan Bessemer, with three incumbent divisional leaders to report directly to the board via chair, Rob Russell. Under the just-revealed changes, Matthew Band, Justin Fox and Geoff Cheeseright will operate as respective general managers of TE corporate supervision, private wealth and fund… [Read More…]

Former Smartshares chief, Hugh Stevens, has returned to the index fund frontline as executive director for Betashares in NZ. Stevens has been charged with increasing the presence of the Australia-based exchange-traded fund (ETF) specialist in NZ across all market segments as well as helping with strategic growth plans. “I’ll be working alongside the Betashares leaders… [Read More…]

Makao Investments has won the asset consulting gig put to tender by the Waikato Regional Council (WRC) this May. In its October 26 meeting report, the WRC names Makao as “its strategic adviser for an initial period of three years, with a three year right of renewal”. The deal, “subject to the completion of satisfactory… [Read More…]

Outgoing Trustees Executors (TE) chief, Ryan Bessemer, wraps up his more than five-year stint leading the fund supervisory and investment administration this week. Bessemer took on the top job in April 2018 following a period of executive and board instability at TE with an agenda to restock the senior staff, upgrade the firm’s technology and… [Read More…]

The Medical Assurance Society (MAS) has slashed fees for its KiwiSaver funds, bringing the headline costs of all products below 1 per cent. Under the changes revealed last week, MAS has more than halved the price of the KiwiSaver cash fund from the previous 0.51 per cent to the new low of 0.25 per cent…. [Read More…]

For just the third time in its 31-year history the Accident Compensation Corporation (ACC) fund dipped below benchmark during an official reporting period but remains well ahead on points over the long term. The ACC annual report released last week shows the now $47 billion plus investment portfolio was up 7.25 per cent in gross… [Read More…]

Treasury closed off bids last week for the plum role of grilling the NZ Superannuation Fund (NZS) in the fifth statutory review of the $62 billion plus entity. In request for proposal (RFP) documents, Treasury says the successful candidate must meet the standard review requirements to assess the fund’s investment processes and performance against its… [Read More…]