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
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
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....
Nikko Asset Management isn't among those bailing from Cathie Wood's Ark Innovation exchange-traded fund (ETF). In 2019, Wood called herself the most-trolled fund manager on earth, and she certainly se
By Paul McBeth Aug. 29 (BusinessDesk) - Nikko Asset Management is parking some funds across the Tasman as it weighs up which side of the fence likely kingmaker Winston Peters will fall, says NZ head
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
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
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
Stuart Williams has worked in investment management since 1997. He joined Nikko AM in 2014 as head of New Zealand equities and was named managing director and country head, as well as co-head of NZ eq
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
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 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
By Jenny Ruth March 27 (BusinessDesk) - Nikko Asset Management New Zealand’s head of equities Stuart Williams says he dreads waking up to the news that some global giant has launched a takeover offe
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
Nikko Asset Management NZ has opened up its year-old direct-to-consumer GoalsGetter platform to financial advisers as a more cost-efficient way to provide advice to new savers or clients with smaller.
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 Paul McBeth Dec. 2 (BusinessDesk) - Nikko Asset Management New Zealand, the local subsidiary of the Japanese investment firm, said funds under management topped $4 billion for the first time as th
By Fiona Rotherham April 14 (BusinessDesk) - Kiwi investors can expect a strong pipeline of initial public offerings from New Zealand and Australian companies listing in coming months to take advanta
Stuart Williams will replace George Carter as managing director at Nikko Asset Management New Zealand from April 1 and analyst Michael Sherrock will replace Williams as head of equities. Carter, who j
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
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
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