• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer
  • Subscribe
  • Twitter
  • RSS Feed

Investment News NZ

Investment News provides financial advisers news stories from the financial industry in New Zealand. Subscribe to our free weekly newsletter.

  • Home
  • News
  • Kiwisaver
  • Subscribe
  • About
  • Advertise
  • Contact
You are here: Home / Investment News / NZAM fine-tunes SAA, reallocates CIO duties

NZAM fine-tunes SAA, reallocates CIO duties

October 1, 2017

James Caughey: NZAM head of manager research

Global alternatives multi-manager NZAM is tweaking its strategic asset allocation (SAA), according to executive director, Alan McChesney.

McChesney said the SAA was a “work in progress but we are making a number of strategic changes in the months ahead”.

He said NZAM head of manager research and investment committee member, James Caughey, was about to embark on a due diligence review of managers in Hong Kong and London.

“This is with a view to possibly adding these to the various funds in the near future,” McChesney said.

Caughey, along with McChesney, have also picked up the slack following the departure of NZAM chief investment officer, Greg Peacock, last month.

McChesney said the pair would share Peacock’s former “investment responsibilities”.

“This is a great opportunity for James. He has brought some fresh thinking to our strategic asset allocation decisions this year,” he said. “While still relatively early – these are showing encouraging signs.”

The NZAM manager research team also includes senior research analyst, Michelle Dickson, and business analyst, Dan Jenkins.

Peacock joined NZAM as CIO in 2010 following an 18-year stint with Clime Asset Management, the investment arm of the Spencer family.

“Greg has been a valued member of the NZAM family, we remain close and wish him well in terms of what he does next,” McChesney said.

NZAM has about $420 million invested across its Global and Alpha wholesale strategies, the latest Melville Jessup Weaver (MJW) survey shows. Meanwhile, the Disclose website shows the two retail iterations of the NZAM funds collectively manage about $85 million. Over the last three years the Global and Alpha funds have returned 3.6 per cent and 2.9 per cent respectively.

In March NZAM launched a portfolio investment entity (PIE) version of the absolute return fixed income fund managed by Australian-based boutique Kapstream. As at the end of June the NZAM Kapstream product reported just over $25 million in funds under management.

Last month NZAM also launched a new PIE – the Global Absolute Return Equity Fund – that will focus on international shares only. The manager’s existing Global Growth fund is a multi-asset class product.

 

Print Friendly, PDF & Email
Twitter0
LinkedIn0
Google+0
Facebook0

Read More » Investment News

Recent articles

  • Ares to pay A$1.35 billion in mooted AMP Capital private JV February 26, 2021
  • Providers point to wholesale bad ad outcomes in FMA guidelines February 21, 2021
  • NZX holds to $50bn platform 2023 target; Smartshares hits $5bn two years’ early February 21, 2021
  • Carbon fever: metrics matter as transition takes hold February 21, 2021
  • Clean money cures: more AML medicine arrives February 21, 2021
  • Bryan Gray released after 32 years in custody February 21, 2021
  • Passive policing: why index-trackers need regulation February 21, 2021
  • Reddit v AMC: the disaster movie with a happy ending for bond investors February 21, 2021
  • Global debt peaks about US$280tn as world climbs worry wall February 21, 2021
Finished reading? Why not subscribe? To receive a weekly email enter your email address here.

Primary Sidebar

WEEKLY NEWSLETTER

Sign up here to receive our weekly newsletter.
Learn More »

Investment News

  • Ares to pay A$1.35 billion in mooted AMP Capital private JV February 26, 2021
  • Providers point to wholesale bad ad outcomes in FMA guidelines February 21, 2021
  • NZX holds to $50bn platform 2023 target; Smartshares hits $5bn two years’ early February 21, 2021
  • Carbon fever: metrics matter as transition takes hold February 21, 2021
  • Clean money cures: more AML medicine arrives February 21, 2021
  • Bryan Gray released after 32 years in custody February 21, 2021
  • Passive policing: why index-trackers need regulation February 21, 2021
  • Reddit v AMC: the disaster movie with a happy ending for bond investors February 21, 2021
  • Global debt peaks about US$280tn as world climbs worry wall February 21, 2021
  • The state of the pension fund world February 21, 2021

Search by Keyword

Most Recent Investment News

Ares to pay A$1.35 billion in mooted AMP Capital private JV

February 26, 2021

Providers point to wholesale bad ad outcomes in FMA guidelines

February 21, 2021

NZX holds to $50bn platform 2023 target; Smartshares hits $5bn two years’ early

February 21, 2021

Carbon fever: metrics matter as transition takes hold

February 21, 2021

Clean money cures: more AML medicine arrives

February 21, 2021

Investment News Archive

Most Popular Articles

  • NZ share-trading splurge could trigger tax alarms… posted on October 5, 2020
  • Westpac NZ flags retail advice sale to Forsyth Barr posted on October 19, 2020
  • Flint set to spark platform competition posted on August 17, 2020
  • The horror year in technicolour: free KiwiSaver 13 report released posted on September 30, 2020
  • Four to the core: Smartshares to expand, rearrange and reprice ETFs posted on June 22, 2020
  • Kitset KiwiSaver scheme set to unwrap in spring posted on April 27, 2020
  • Funds eye bargains, self-shoppers hoard cash, KiwiSavers turn conservative posted on March 15, 2020
  • AMP Capital NZ chief quits amid equities exodus offshore posted on August 28, 2020

Sponosored Content

David-Boyle

Jumping lessons: what all investors can learn from GameStop loss

What do ‘Kiwi’ experts see for 2021?

David-Boyle

On the industry play-list: four chart-topping regulations for 2021

David-Boyle

Charge of the lite (advice) brigade

Quick-links to Popular News

  • FAP Compliance
  • Coronavirus
  • New Appointments
  • Financial Markets Authority (FMA)
  • Kiwisaver
  • Climate Change
  • Crypto Currency
  • Blockchain
  • Insurance

Secondary Sidebar

Recent News

  • Ares to pay A$1.35 billion in mooted AMP Capital private JV February 26, 2021
  • Providers point to wholesale bad ad outcomes in FMA guidelines February 21, 2021
  • NZX holds to $50bn platform 2023 target; Smartshares hits $5bn two years’ early February 21, 2021
  • Carbon fever: metrics matter as transition takes hold February 21, 2021
  • Clean money cures: more AML medicine arrives February 21, 2021
  • Bryan Gray released after 32 years in custody February 21, 2021
  • Passive policing: why index-trackers need regulation February 21, 2021
  • Reddit v AMC: the disaster movie with a happy ending for bond investors February 21, 2021
  • Global debt peaks about US$280tn as world climbs worry wall February 21, 2021
  • The state of the pension fund world February 21, 2021

Footer

Copyright ©2020 InvestmentNews.co.nz — All Rights Reserved ·— Terms & Conditions