Estate planning and investment firm Perpetual Guardian Group has acquired Castle Point Funds Management for an undisclosed sum to expand its retail market presence. Signed Tuesday, the acquisition of.
A judgment is expected to be delivered on Thursday. The S&P/NZX 50 index declined 122.94 points or 1.03% to 11,759.15....
A judgment is expected to be delivered on Thursday. The S&P/NZX 50 index declined 122.94 points or 1.03% to 11,759.15....
The entity originally set up to deliver light rail in Auckland will be wound down within months, officials believe, after narrowly avoiding being rebranded as a property management company. The coalit
By Jonathan Underhill March 24 (BusinessDesk) - Augusta Capital, the listed property investor and fund manager, will lose its Portfolio Investment Entity (PIE) status from July 1 because the value of.
(Adds comment from CEO Bennett) By Sophie Boot Feb. 24 (BusinessDesk) - NZX's chief executive Tim Bennett sees a strong pipeline of debt listings in 2016, and predicts funds management will diversif
By Fiona Rotherham Feb. 10 (BusinessDesk) - ASB Bank reported a 7 percent rise in first-half statutory net profit to $474 million following growth in funds management and lending while the amount set.
By Paul McBeth Feb. 8 (BusinessDesk) - AMP's New Zealand financial services division lifted annual earnings 1 percent as a cost-cutting exercise and increased funds under management fattened margins,.
By Sophie Boot Feb. 24 (BusinessDesk) - NZX lifted annual profit 82 percent in 2015 as the one-off gain from the sale of its Link Market Services division bolstered flat earnings, even as revenue got.
By Paul McBeth Oct. 31 (BusinessDesk) - NZX's third-quarter revenue rose 3.9 percent as the stock market operator's sales were bolstered by a flurry of new debt listings and an expanding funds managem
By Rebecca Howard April 12 (BusinessDesk) - Craigs Investment Partners posted a 58 percent gain in annual profit as a swelling pot of funds under management delivered a boost to fee income, however,
(Recasts to add comment from CEO, details of stapled structure) By Paul McBeth May 30 (BusinessDesk) - Stride Property has proposed splitting its property-owning unit from its real estate investment
By Paul McBeth Nov. 13 (BusinessDesk) - Augusta Capital's first-half profit more than halved as the company wrote down the value of its stake in listed property investor NPT and didn't repeat year-ear
Bernard Whimp made a lot of money out of his low-ball offers a decade ago, and now he wants to use that cash to build a billion-dollar hedge fund. Whimp’s a contrarian and provocateur who’s quite
By Paul McBeth May 20 (BusinessDesk) - Augusta Capital lifted annual earnings 17 percent as the listed property investor and fund manager eked out bigger returns from its two segments, with a higher
By Paul McBeth May 21 (BusinessDesk) - Augusta Capital, the listed property investor and fund manager, increased annual earnings by 5 percent as gains from its funds management business offset a decli
By Paul McBeth Sept. 1 (BusinessDesk) - The 300 or so investors in Hubbard Management Funds have been repaid the $35.6 million capital they initially invested after a five-year statutory management,
Managing a property portfolio tends to be significantly more lucrative than owning that portfolio. It was that realisation that drove the wave of internalisations of external management contracts of N
By Rebecca Howard Oct. 29 (BusinessDesk) - NZX's third-quarter sales rose 3.8 percent as its funds management division made up for lacklustre performances in its core operations. Revenue from conti
New Zealand is a rounding error in the global funds management calculation. The Thinking Ahead Institute, at least, has rounded NZ out of its latest computation of the world’s 500 largest asset mana
Grant and Marilyn Nelson are still waiting for a judicial review ruling against MSD. With polls looming, the opioid crisis will disrupt the balance the pr
By Pattrick Smellie Oct. 30 (BusinessDesk) - Broking house First NZ Capital sees NZX's funds management as one of its engines of growth, but has lowered its target share price until there's evidence
By Suze Metherell May 18 (BusinessDesk) - NZX, the stock market operator, has tapped Aaron Jenkins to head up its expanded funds management business, with Mark Peterson to fill his vacated role as he
By Paul McBeth Oct. 4 (BusinessDesk) - NZX has pushed back against shareholder complaints that it's adopted a faulty strategy, saying its funds management unit is a key plank for earnings growth. Mi
The government has placed the failed Du Val property development group into statutory management. It follows 64 Du Val companies and the group’s founders, Charlotte and Kenyon Clarke, being put into
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