Would-be stags were disappointed with the trading debut of My Food Bag shares but Harbour Asset Management hasn't lost faith in the company's prospects. So-called ‘stags’ buy shares in an initial
By Paul McBeth Dec. 17 (BusinessDesk) - The Financial Markets Authority won't chase South Canterbury Finance in a civil claim, saying it can't justify the cost of doing so and leaving it to Crown Asse
Construction of a second Waitematā Harbour crossing will start in 2029, according to new consultation material released by the government. Prime minister Chris Hipkins and transport minister Michael
Harbour Asset Management has acquired Tony Hildyard's Hunter Global Fixed Interest Fund, taking its funds under management to about $7.5 billion. The $1.1b Hunter fund was previously offered under the
The second Waitematā Harbour crossing will be a tunnel. Last November, transport minister Michael Wood called on Aucklanders to share their views on a future harbour crossing. An indicative business
Harbour Asset Management now owns more than 8% of My Food Bag as it continues to increase its stake in the meal-kit company. The fund manager has shelled out $3.7 million to buy another 2.3 million sh
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 Sophie Boot May 26 (BusinessDesk) - The Supreme Court has granted former Ross Asset Management investor Hamish McIntosh leave to appeal the Court of Appeal's ruling that he could keep the $500,000
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 Oct. 19 (BusinessDesk) - Duncan Priest, a Wellington broker, wants investments he made through Ross Asset Management to be excluded from the liquidator’s distributions to investor
March 11 (BusinessDesk) - SBS Bank, New Zealand's largest building society, has agreed to buy 50 percent of Staples Rodway Asset Management (SRAM) as part of a strategy to build scale in wealth ma
By Jenny Ruth April 12 (BusinessDesk) - The Financial Markets Authority has emerged victorious in a legal battle with ANZ Bank relating to the FMA’s ability to share information about the Ponzi sche
Milford Asset Management invests in fossil fuels and gaming companies but says even coal producers can benefit from investor engagement. For some companies, it’s one of the first times an investor h
By Paul McBeth Aug. 4 (BusinessDesk) - Allied Farmers, which is rebuilding from a disastrous takeover of the Hanover and United Finance loan books, plans to repay $2 million to Crown Asset Management
A rebound in tourism earnings may rescue the New Zealand economy from an immediate recession but cracks are starting to show from the Reserve Bank of NZ’s rapid succession of rate hikes, said Fergus
By Paul McBeth July 18 (BusinessDesk) - The liquidator of Ross Asset Management has cut deals totalling $4.5 million with 16 investors and is in talks with a number of others about reaching settlemen
By Paul McBeth May 15 (BusinessDesk) - The Ross Asset Management Ponzi scheme and the collapse of consumer electronics retailer Dick Smith have prompted recommended changes to insolvency law that's c
When John Berry co-founded Pathfinder in 2009, it was meant to be a branch of Deutsche Bank, where he then worked. But the Global Financial Crisis was an opportunity to go it alone as an independent f
Contractors will start drilling boreholes under the Waitematā Harbour from early next year as planning ramps up on New Zealand’s biggest transport project. The NZ Transport Agency (NZTA) is current
Welcome to My Net Worth, our regular column on the lives and motivations of our country’s top business, legal and political people in their own words. Mark Ryland joined Milford in 2014, initially a
By Paul McBeth Dec. 18 (BusinessDesk) - Crown Asset Management, the government entity set up to wind down the remaining assets of finance companies that called on the retail deposit guarantee, has dis
By Paul McBeth May 3 (BusinessDesk) - Spheria Asset Management spent A$4.8 million building up a 5.3 percent stake in NZME to become the latest Australian fund manager to take a punt on the Kiwi medi
JP Morgan Asset Management and Craigs Investment Partners announced a strategic partnership with a multi-year memorandum of understanding. The partnership aims to leverage the strengths of both organi
By Sophie Boot Feb. 7 (BusinessDesk) - Harbour Asset Management has sold down its stake in Intueri Education Group, ceasing to be a substantial shareholder following the company's disclosure on Friday
Under Augusta’s management, Asset Plus focuses on a Yield Plus Growth investment strategy, targeting long term total returns that are greater than the benchmark return threshold detailed by the NZX
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