Investment News

Alternative debt has emerged as the likely outperforming asset class over the next year with private equity a surprise second pick in the 10th annual fund manager survey by Australian consulting firm, Frontier Advisors. The Frontier poll, which pits the views of fund managers against in-house consultants, found private assets atop, bucking the historical preference… [Read More…]

Howard Marks thinks that markets and the investors that ply them are going to experience massive change in the next decade. If his latest memo is right, credit instruments could come to represent the majority of portfolios. The 2,000-basis-point decline in interest rates over the past 40 years was the most important financial development of… [Read More…]

NZ funds administration and wealth management platform provider, Apex, is looking for a new chief executive following the resignation of current boss, Renée Tourell, for health reasons. Tourell will officially finish a 15-month stint as Apex Investment Administration chief at the end of November, according to a note sent to clients last week. She replaced… [Read More…]

At least three asset consulting gigs remain up for grabs amid a renewed bout of activity in the NZ wholesale investment sector that has seen two decisions finalised in recent weeks. Auckland-based boutique, Makao Investments, picked up another new client last month as employer-based superannuation scheme, NZ Refining Company, completed a “comprehensive tender process”, according… [Read More…]

Former Fisher Funds CIO Frank Jasper, has resurfaced in the industry as a member of the ASB investment committee. Jasper was named as a new member of the ASB investment committee in the latest fund updates for the bank-owned provider more than two years after he exited Fisher mid-2021 in a left-field move to the… [Read More…]

Westpac has swapped out two global share managers in the latest investment tweak to its KiwiSaver and retail fund suite. Under the changes implemented last month, MFS and Ardevora have made way for Schroder Investment Management (Australia) and Mirova in the Westpac international equities multi-manager panel. The Boston-based growth manager, MFS, and UK firm, Ardevora,… [Read More…]

Flagship community trust, Foundation North, has booked a more than $52 million investment loss over the 12 months to the end of March as assets under management reversed by about $110 million. Negative returns combined with an $18 million year-on-year jump in grants to reach $70.6 million and close to $9.2 million in admin expenses… [Read More…]

The Tauranga-headquartered BayTrust has committed a further $10 million allocation to impact investments, bringing the total to $20 million with plans to double that again over the next decade. BayTrust chief, Alastair Rhodes, said the $250 million community trust will invest the new $10 million impact tranche across three different projects including $4.6 million to… [Read More…]

The NZX-owned investment platform, Wealth Technologies, kicked above the $11 billion mark in September as solid investment markets and client transfers bolstered growth. Notably, the Northland-based advisory firm, Yovich & Co, completed a full administration and custody shift to Wealth Technologies late in September in a move first flagged this June. Yovich, which offers both… [Read More…]

A tweak in the Responsible Investment Association of Australasia (RIAA) research process has seen the two biggest institutional investors in NZ downgraded a notch in the ‘leader’ rankings. According to the 2023 RIAA NZ annual report, both the NZ Superannuation Fund (NZS) and the Accident Compensation Corporation (ACC) fund have slipped from ‘responsible investment leaders’… [Read More…]