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forbarr sees octagon shaped hole in fund management
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
tons of funds
New data from the US industry body, the Investment Company Institute, shows a global managed fund market in rude health. According to the ICI data, the amount of money mooching around in regulated fun
fisher funds buys aons kiwisaver scheme
Fund manager Fisher Funds has bought Aon New Zealand’s KiwiSaver business, adding a billion dollars to its funds under management, although the price isn't being disclosed. Aon is an insurance bro
devon funds pushing companies on sustainability
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
flow time for funds
The Reserve Bank of New Zealand's managed funds graph for the first three quarters of 2020 resembles a big tick. From the peak at the beginning of the year, the line descends sharply to the March low,
boom year for milford funds as funds generate more performance fees inflows rise
By Jonathan Underhill Sept. 24 (BusinessDesk) - Milford Funds , the public issuer of Milford Asset Management's retail funds, reported a 79 percent jump in annual fee revenue reflecting an inflow of m
business of government social investment edition
A contest of ideas? Last week, finance minister Nicola Willis, who also holds the social investment portfolio, announced the relaunch of the agency responsible for taking the work in that area forward
the rise and rise of womens investing
Gender pay gap remains - but many women are turning to investing. New Zealand has made great strides in gender equality – but an 8.6 per cent gender pay gap remains, resulting in a retirement saving
lawyer suspended after 300000 of clients funds goes missing
An Auckland lawyer has been suspended from practice after the New Zealand Law Society's standards committee laid charges that alleged misappropriation of more than $300,000 of client funds and deceitf
salt funds wins mandate for amp capitals 690m active nz equity funds
By Jonathan Underhill March 19 (BusinessDesk) - Salt Funds Management, the boutique investment manager set up by its principals about two years ago, has won the mandate to manage AMP Capital's active.
myfarm sets up 190m kiwifruit investment fund
Primary sector investment manager MyFarm has set up a $190 million kiwifruit orchard investment vehicle. Investors in its 11 kiwifruit partnerships voted to amalgamate them into one. The MyFarm KiwiFr
funds inflow underpins fisher funds 2015 earnings in year of smaller bonuses
By Jonathan Underhill Oct. 14 (BusinessDesk) - Fisher Funds Management lifted funds under management by 10 percent to $6.6 billion in 2015, helping underpin earnings in a year when investment returns
cathie woods popular ark funds are sinking fast
By Jack Pitcher Cathie Wood ’s investors are jumping ship. They rushed into her funds and won big during the pandemic when the star fund manager became a social-media sensation by making bold bets
industry certified responsible investment funds outperform says report
The idea that investors have to choose between "responsible investment" and good returns has been decisively debunked, says research released today. The Responsible Investment Association Australasi
pension funds are pulling us325 billion from stocks
By Heather Gillers and Charley Grant Stock portfolios at large pension funds had a blockbuster run. Now, managers are cashing out. Corporate pension funds are shifting money into bonds. State and loca
how a quake and a crash led to success
This article has been prepared by Craigs Investment Partners, edited by the NZ Herald, and is being published as advertorial. Craigs Investment Partners celebrate 40 years in business. It was one of t
toi foundation scotches fisher funds sale talk
The two-thirds owner of Fisher Funds, Taranaki-based Toi Foundation, has scotched a report in Australian media that it is seeking to quit its holding in the newly beefed-up KiwiSaver provider and fund
scientists disappointed not surprised at budgets shrinking science funds
A funding increase for geological hazards is one bright spot for science funding in a Budget otherwise marked by cuts to the sector. Scientists spoken to by BusinessDesk were generally disappointed bu
moves afoot to push more commercial investment into climate adaptation
KPMG New Zealand says the country’s barriers to climate adaptation are financial rather than environmental, and It's calling for more commercial investment in resilience. KPMG, Standard Chartered
perpetual guardian buys castle point funds management
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.
fma issues civil proceedings against booster kiwisaver leadership for alleged serious breaches
The market watchdog alleges current and former directors of Booster KiwiSaver used funds to invest in related wine businesses, gaining an advantage and failing to disclose conflicts of interest. The
nz govt investment funds to dump russian assets
While the New Zealand government mulls over introducing new legislation to allow for harder sanctions against Russia for its invasion of Ukraine, four large state-owned NZ investment funds will be dum
fisher funds promotes gardyne to chief investment officer
Fisher Funds senior portfolio manager Ashley Gardyne has taken over the role of chief investment officer from Frank Jasper who has decided to step down. Gardyne has been with the specialist investment
passive or active investment funds
Passive investing has been the fastest-growing investment vehicle in recent years, particularly during the pandemic. The following figures – published by Boston Consulting Group (BCG ) in its Global
kiwisaver funds leech 2b on global turmoil
KiwiSaver investors shed $2 billion to funds under management of $96.3b during the three months to September, as average multisector funds produced negative returns for the quarter. While Conservative
Finance News
Finance
Payments NZ could play key role in open banking standards
A draft decision proposes an 18-month approval, rather than the five years requested.
Finance
Singapore becomes hot spot for M&A bankers hunting Asia deals
The island is a magnet for parties interested in mergers and acquisitions.
Finance
Medicine working but business confidence continues to fall
Confidence in retail and construction rose, while other sectors were more downbeat.
*All returns are per annum, after fees and before taxes. Data updated at 1:07pm 03 July 2024 (NZT)
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