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.
By Paul McBeth Nov. 13 (BusinessDesk) - Augusta Capital's first-half profit more than halved as the company wrote down the value of its stake in listed property investor NPT and didn't repeat year-ear
Sheep numbers have plunged 55 percent over the past three decades, but Alliance chairman Murray Taggart says his company can still maximise returns for farmers. How? The premium market, where customer
By Fiona Rotherham Feb. 10 (BusinessDesk) - ASB Bank reported a 7 percent rise in first-half statutory net profit to $474 million following growth in funds management and lending while the amount set.
(Adds comment from CEO Bennett) By Sophie Boot Feb. 24 (BusinessDesk) - NZX's chief executive Tim Bennett sees a strong pipeline of debt listings in 2016, and predicts funds management will diversif
By Paul McBeth Feb. 8 (BusinessDesk) - AMP's New Zealand financial services division lifted annual earnings 1 percent as a cost-cutting exercise and increased funds under management fattened margins,.
By Sophie Boot Feb. 24 (BusinessDesk) - NZX lifted annual profit 82 percent in 2015 as the one-off gain from the sale of its Link Market Services division bolstered flat earnings, even as revenue got.
By Paul McBeth Oct. 31 (BusinessDesk) - NZX's third-quarter revenue rose 3.9 percent as the stock market operator's sales were bolstered by a flurry of new debt listings and an expanding funds managem
By Rebecca Howard April 12 (BusinessDesk) - Craigs Investment Partners posted a 58 percent gain in annual profit as a swelling pot of funds under management delivered a boost to fee income, however,
(Recasts to add comment from CEO, details of stapled structure) By Paul McBeth May 30 (BusinessDesk) - Stride Property has proposed splitting its property-owning unit from its real estate investment
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 Tina Morrison July 31 (BusinessDesk) - New Zealand exporters struggling to meet Chinese demand for commodities such as milk powder, logs and lamb flaps, should look to market more premium produc
By Paul McBeth May 20 (BusinessDesk) - Augusta Capital lifted annual earnings 17 percent as the listed property investor and fund manager eked out bigger returns from its two segments, with a higher
Bernard Whimp made a lot of money out of his low-ball offers a decade ago, and now he wants to use that cash to build a billion-dollar hedge fund. Whimp’s a contrarian and provocateur who’s quite
By Paul McBeth May 21 (BusinessDesk) - Augusta Capital, the listed property investor and fund manager, increased annual earnings by 5 percent as gains from its funds management business offset a decli
By Paul McBeth Sept. 1 (BusinessDesk) - The 300 or so investors in Hubbard Management Funds have been repaid the $35.6 million capital they initially invested after a five-year statutory management,
By Rebecca Howard Oct. 29 (BusinessDesk) - NZX's third-quarter sales rose 3.8 percent as its funds management division made up for lacklustre performances in its core operations. Revenue from conti
Managing a property portfolio tends to be significantly more lucrative than owning that portfolio. It was that realisation that drove the wave of internalisations of external management contracts of N
Prime minister Chris Hipkins says New Zealand’s relationship with China going into the future will require “careful” management – in the context of an increasingly complex global environment.
New Zealand is a rounding error in the global funds management calculation. The Thinking Ahead Institute, at least, has rounded NZ out of its latest computation of the world’s 500 largest asset mana
Grant and Marilyn Nelson are still waiting for a judicial review ruling against MSD. With polls looming, the opioid crisis will disrupt the balance the pr
By Pattrick Smellie Oct. 30 (BusinessDesk) - Broking house First NZ Capital sees NZX's funds management as one of its engines of growth, but has lowered its target share price until there's evidence
By Suze Metherell May 18 (BusinessDesk) - NZX, the stock market operator, has tapped Aaron Jenkins to head up its expanded funds management business, with Mark Peterson to fill his vacated role as he
By Paul McBeth Oct. 4 (BusinessDesk) - NZX has pushed back against shareholder complaints that it's adopted a faulty strategy, saying its funds management unit is a key plank for earnings growth. Mi
By Jonathan Underhill March 24 (BusinessDesk) - Augusta Capital, the listed property investor and fund manager, will lose its Portfolio Investment Entity (PIE) status from July 1 because the value of.
Third party data: All data displayed on the FundSource pages (Data) on BusinessDesk has been sourced from an independent third party, FE Fundinfo. NZME and its related bodies corporate and affiliates (together NZME) do not make any representation as to the currency, fairness, accuracy, completeness or reliability of the Data. Nor will NZME have any liability to any person in relation to the use of or reliance on the Data.
No financial or investment advice: The Data is general information only. It is not financial product or investment advice or an investment recommendation, and has not been prepared taking into account the objectives, financial situation or needs of any person. Potential investors should seek their own independent advice from a qualified financial adviser prior to making an investment decision. NZME makes no recommendation in relation to, and accept no responsibility or ongoing liability for, any person’s investment decisions.
No offer: The Data is only to be accessed by New Zealand residents from within New Zealand, and may not be copied or distributed to any other person. The Data does not constitute an offer or solicitation to offer financial products or conduct investment business in New Zealand or any other jurisdiction.
No guarantee: Past performance information should not be relied upon as (and is not) a promise, representation, warranty or guarantee as to the past, present or future performance. NZME does not guarantee repayment of any capital or payment of any returns on capital invested in the investments referred to in the Data.
Missing data? All data comes from FE fundinfo. BusinessDesk can help you get your data loaded and updated. Email [email protected] for help.