From their website: Devon Funds Management Limited is an independent investment management business that specialises in building investment portfolios for our clients that are comprised of companies listed on the New Zealand and Australian stock exchanges. Our approach is an active one where our rigorous research and analytical skills are applied to maximum advantage.
Australian funds manager and broker Shaw and Partners has bought a 75% stake in some $7 billion of funds under management by Auckland-based Investment Services Group, which includes Devon Funds. Also.
Miles Hurrell has reshuffled Fonterra Co-operative Group’s management as it prepares for its consumer divestment. Richard Allen will continue as the co-op’s president of global ingredients, and hi
CBL Corporation's managing director, Peter Harris, says he will not take on any management or director positions at any public company or licensed insurer in New Zealand after admitting to breaching s
A select committee has heard that road cones and other traffic management requirements can add significant extra costs to infrastructure projects. Ross Copland, the chief executive of the Infrastructu
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.
The NZ Super Fund (NZSF) is committing US$100 million (NZ$157m) to a fund that invests in an innovation fund for climate change mitigation and adaptation. The Guardians of NZ Superannuation (GNZS) sai
Waste Management New Zealand has refunded $5.6 million to residential customers and is working on refunding more customers after a Commerce Commission investigation found it had likely breached the F
Carbon Fund (NS) is a managed investment scheme with the aim to provide investors with a total return exposure to the price of carbon credits. The Fund has the ability to buy carbon credits in emissio
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
Icehouse Ventures has raised half its $30 million Seed Fund IV a month after launching it. The venture capital firm stated that 80 investors had contributed $15m. More than half of those had invested.
Improved operational performance has resulted in Melody Dairies pulling off its best first-half performance since it was formed seven years ago, its largest shareholders say. However, long-standing ba
The board of the Auckland Future Fund has yet to appoint a global investment manager, but says an announcement is imminent. The Auckland Council capitalised the fund, which was set up last year thro
In a two-part series, Garth Bray investigates a $1 billion fund that is barely getting off the ground. This is Part 1. The $1 billion Government Infrastructure Acceleration Fund administered by Kāing
Investor pressure on companies, remuneration, cyber attacks and indigenous rights will be high on the agenda for Devon Funds Management in the year ahead. Devon Funds has released its first annual sus
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....
By Suze Metherell May 1 (BusinessDesk) - NZX lifted first quarter sales 9.1 percent as the stock market operator's expanded fund management business offset a drop of it in its derivatives and agricu
Each fortnight, Victoria Carter speaks to someone about failure, disappointment, and what they have learned. This time, she talks to Brent Impey, director of Devon Funds. I was disappointed when: I’
By Edwin Mitson May 30 (BusinessDesk) - A major investor in insurance business Tower has slashed its stake from just under 12 percent to just under 8 percent as the insurer's share price slumped and
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....
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 essent
Devon Funds Management has become the latest fund manager to rule out future investment in DGL Logistics after its chief executive made racist and sexist comments. Victoria Harris, a Portfolio Manage
New Zealand’s wealth management sector is experiencing an “unprecedented period” of change and consolidation, and Investment Services Group's chair, Paul Glass, says it is not immune. Glass c
More big local fund manager news broke in June as a deal, so long in the making that most industry observers had written it off as fiction, finally came through. Under the arrangement, Investment Serv
New Zealand fund managers have shown very mixed performances in making profits for their owners in 2024. That’s taking a step aside from how the funds they manage are performing, something of far mo
Stock exchange operator NZX has bought the management rights for ASB’s Superannuation Master Trust, a $1.8 billion retirement savings scheme. The trust is a workplace superannuation scheme that pred
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