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
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
New Zealand fund managers have shown very mixed performances in making profits for their owners in 2024. That’s taking a step aside from how the funds they manage are performing, something of far mo
The government has placed the failed Du Val property development group into statutory management. It follows 64 Du Val companies and the group’s founders, Charlotte and Kenyon Clarke, being put into
How to make a portfolio. Take three simple ingredients – cash, bonds and equities – and mix to taste. While the basic recipe hasn’t changed much since the late Harry Markowitz cooked up "Modern
Spark New Zealand counts its software transfer business MATTR and its 38.12% shareholding in the trans-Pacific Southern Cross Cables business as “non-core” and potentially for sale. Chief executiv
Spark’s leadership remained tight-lipped around plans for its dividend and asset sales at the company’s annual meeting on Friday. On Wednesday, the board announced a 4% drop in guidance for earni
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....
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....
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
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
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 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
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 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
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
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
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
A select committee has heard that road cones and other traffic management requirements can add significant extra costs to infrastructure projects. Ross Copland, the chief executive of the Infrastructu
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