Fisher confirms departure of international managers
Fisher Funds has confirmed big changes to its international investment team, with senior portfolio manager Ken Applegate to return to the US and the company's San Francisco office to close.
Applegate has decided to move back to the US with his family. Fisher Funds has reached agreement with him to manage its international funds, including NZX listed company Marlin Global, from the US for a minimum twelve month period. Fisher Funds managing director Carmel Fisher said, "While we have been happy to have US-based analysts, we need our portfolio managers to be based in New Zealand so that we can get consistency, collaboration and sharing of ideas amongst the investment team ...MORE»
News Round Up: May 21Monday, May 21st, 7:08AM
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Roest jailed for six and a half yearsFriday, May 18th, 12:05PM
Former Bridgecorp director Robert Roest has been sentenced to six and a half years in jail, the same term handed down to fellow Bridgecorp director Rod Petricevic. MORE» |
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More home loan rate cuts to come
It was a huge week in the mortgage market with banks slashing fixed-term rates across the board and, if Friday's sharp move lower in wholesale interest rates is any guide, there should be further cuts in the coming week. MORE»
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TNP sales school sees 91% industry ‘stickability’
[Advertorial] TNP offer a variety of interactive sales-related training workshops that are proving to be highly successful and are giving new risk and mortgage advisers the boost they need to get started in this challenging industry. MORE»
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IFA slams ‘nanny state’ attitude to advisers
The Institute of Financial Advisers has spoken out against a proposed new law that could severely limit advisers' ability to prospect for new clients, describing it as "nanny state". MORE»
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New funds firm established
Aaron Gascoigne has moved on from Canvas Investments and is setting up a new funds distribution firm. MORE»
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NZF Group: receivers won't let it pay interest on capital notes
NZF Group says the receivers of its former finance company won't let it pay interest on its capital notes. MORE»
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Advisers losing favour with KiwiSaver investors
Financial advisers are losing popularity as a source of information for KiwiSaver members, who prefer to go to product providers or their employers, according to new research. MORE»
