Kiwi Group Holdings has enlisted Goldman Sachs to explore a possible sale of its fund management business Kiwi Wealth to free up some capital, BusinessDesk understands. One source, who declined to be.
Fisher Funds has been given a green light from the Overseas Investment Office to buy Kiwi Wealth. The deal needed to clear foreign investment approval because Fisher Funds is 34% owned by US-based T
“Let them eat cake” was a quote attributed to Marie-Antoinette, the bride of France’s King Louis XVI. With that callous remark, the queen became a hated symbol of the decadent monarchy and fuell
$1.62 Open $1.62 0.045 0% January 24, 2024, 6.12am Today 5D 1M 1Y 2Y Key announcement - click for info Created with Highcharts 8.2.2Mar '23May '23Jul '23Sep '23Nov '23Jan '24121.251.51.75 20 minute de
WasteCo Group Limited Ordinary Shares Company Details Registered Office: 421 Blenheim Road, Upper Ricarton, Christchurch 8041 Postal Address: 421 Blenheim Road, Upper Ricarton, Christchurch 8041 Telep
Businessman Eric Watson may be in jail, but his wealth continues to evade former business partner Owen Glenn. At Watson’s sentencing last week, Glenn’s lawyer outlined how difficult tracing Watson
Iperion Limited Ordinary Shares
Fieldays was on the campaign trail. Changes to the immigration system are causing more harm than good....
Where’s the Kiwi Wealth deal? The announcement of Kiwi Wealth’s sale to Fisher Funds was firmly on the calendar for the Wednesday or Thursday of the week before last, but as we headed into this we
With global markets performing considerably better than New Zealand's in the June quarter, the best performing managed funds had a high allocation to global equities, the latest survey of managed fund
By Paul McBeth Oct. 30 (BusinessDesk) - Kiwi Wealth has launched a broadside at its rivals over their use of blanket sector exclusions when trying to meet growing consumer demand for responsible inves
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. British-born Rhiannon McKinnon arrived in New
Kiwi Group Holdings has announced Fisher Funds will purchase Kiwi Wealth for $310 million, as reported by BusinessDesk earlier this month. Chair of the crown-owned holding company, Paula Rebstock, s
Kiwi Group Holdings today confirmed it has hired Goldman Sachs to sell its fund management subsidiary, Kiwi Wealth. The fund manager is the country's fifth largest KiwiSaver provider and recently won.
Kiwi Wealth says local software company Atomic.io has helped it reach customers with advice during the market downturn and prevented panic switching. In 2020, $1.5 billion flowed out of growth KiwiSav
Fisher Funds has pipped New Zealand's biggest broker and investment banker, Jarden, for the sale of Kiwi Wealth – the KiwiSaver and investment products arm of government-controlled Kiwi Group Holdin
NZX Ltd shares jumped another 2.3% today after the company reported its half-year earnings results and reiterated the value of its funds management business. The stock market operator said total rev
Fisher Funds Management's debt financing of the $310 million purchase of Kiwi Wealth should be raising alarm bells for the government. That’s according to Victoria University associate professor Mar
Fund manager Kiwi Wealth is considering a sale of its retail trading platform Hatch after being approached by a potential buyer, BusinessDesk understands. Multiple sources have confirmed a possible sa
Fisher Funds plans to retain Kiwi Wealth’s KiwiSaver scheme and many of its Wellington-based staff once the acquisition is complete. On Monday, Kiwi Group Holdings announced Fisher Funds had agreed
Flush with cash and ready to go, Fisher Funds revealed the obvious on Monday this week with its $310 million winning bid for the government-owned Kiwi Wealth business. To be paid for in proportional m
Summary: Global investment banking giant Goldman Sachs is reported to be shopping Kiwi Wealth, the KiwiSaver funds manager founded by Gareth Morgan, around Australian funds management operations. Else
Kiwi Wealth is investing $50 million in private equity as it seeks returns in the increasingly large part of the economy that is unwilling to list on the public market. The KiwiSaver provider has comm
As flagged last month, the government-owned investment business, Kiwi Wealth, is now a location of interest for fund management shoppers. While rumours have been circulating for some time, this week t
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