ForBarr sees Octagon shaped hole in fund management

ForBarr sees Octagon shaped hole in fund management
Chief investment officer Paul Robertshawe said there was an opportunity in the market for another “biggish boutique”. (Image: supplied)
Dan Brunskill
Forsyth Barr’s new fund management subsidiary aims to fill a space in the market for a mid-sized active firm and deal with perceptions of any conflict of interest.Octagon Asset Management is essentially a spin out of the broking firm’s existing funds management team, who have been set up with their own brand and governance.Forsyth Barr remains the sole owner of the new entity, but its staff will become shareholders over time. It will start with $650 million of funds under management.Octagon’s chief investment officer Paul Robe...

More Markets

NZ market falls, F&P Healthcare bolsters trading
Markets

NZ market falls, F&P Healthcare bolsters trading

All eyes are on the US Federal Reserve. 

Graham Skellern 12 Jun 2024
Willis calls for select committee inquiry into banking
Finance

Willis calls for select committee inquiry into banking

She wants the Finance and Expenditure and Primary Production Committees to join forces.

Rebecca Howard 12 Jun 2024
Booster KiwiSaver used funds for related wine investment: FMA
Markets

Booster KiwiSaver used funds for related wine investment: FMA

The market watchdog alleges 75 causes of action from 2017-22.

FMA seeking consultation on changes to DI licences
Finance

FMA seeking consultation on changes to DI licences

The FMA is seeking consultation on changes to the Derivative Issuer licenses

Staff reporters 11 Jun 2024