Deal creates one of the world's largest active manager shops
Two managers represented by Heathcote Partners in New Zealand have agreed to a merger at at £9.9 billion.
New York-based Nuveen, which entered the New Zealand market last year plans to acquire Schroders for £9.9 billion.
The deal will create one of the largest active global asset management firms in the world with US$2.5 trillion of assets under. management.
"The combined group will operate with significant scale and capabilities in the world’s largest financial centres with a presence ...MORE»
Market, meet your new Fed ChairMonday, February 16th, 10:00AM
In its latest Outlook Harbour Asset Management says the Reserve Bank of Australia is something to watch and global equity markets remain volatile even though there is a constructive backdrop. MORE» |
Mint and Wedge get together for a new bond fundFriday, February 13th, 8:05AM
MInt teams up with newcomer Wedge to launch a new bond fund. MORE» |
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Shaping the Future of Financial Advice: An Interview on OMNIMax’s Investment Adviser Tool
Financial advisers need to deliver clear, and client-friendly advice. OMNIMax has developed Investment Adviser Tool to make that process more efficient while improving the client experience. MORE »
Booster pushes for info on how other fund managers operate
Booster Investment Management is seeking documents the Financial Markets Authority holds on how other fund managers run their private market investments as the KiwiSaver provider prepares for next year’s defence of how it ran transactions through its own related vehicle.
The investment manager wants its expert witness to be able to compare Booster’s internal processes with other market participants at the substantive hearing in February next year as it defends claims by the FMA that it fell short in the way it managed related party transaction rules.
In a half-day hearing at the High Court in Auckland on Tuesday, Justice Michael Arthur reserved his decision ...MORE»
Client reviews – what is expected of advisers?Monday, February 9th, 5:03PM 10 comments
[Opinion] A complaint against an adviser who did not know his client had two life policies has led to some discussion on the importance of regular reviews. MORE» |
Low-fee KiwiSaver providers to the fore in Morningstar surveyMonday, February 9th, 9:02AM 1 comment
Kernel is celebrating taking the top spot for the high-growth and cash categories in its first three full years. MORE» |
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Shaw and Partners buys Wellington advice firm
Shaw and Partners, previously JMI Wealth, has expanded its reach buying a Wellington-based financial planning business. MORE»
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GoodReturns TV
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Fisher Funds moves to woo advisers back
After years of neglecting the adviser market, the investment manager is going on the charm offensive. MORE»
Market, meet your new Fed Chair
In its latest Outlook Harbour Asset Management says the Reserve Bank of Australia is something to watch and global equity markets remain volatile even though there is a constructive backdrop. MORE»
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Southern Cross CEO steps down
After 10 years in the role Southern Cross's Chief Executive is stepping down. MORE»
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TMM Online
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Predictions for next week's OCR announcement
OCR expected to be held at 2.25% at first review of the year. MORE»
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ANZ loses head of asset allocation (again)
The Head of Asset Allocation at ANZ is returning to her old shop to take up a newly-created role. MORE»
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Low-fee KiwiSaver providers to the fore in Morningstar survey
Kernel is celebrating taking the top spot for the high-growth and cash categories in its first three full years. MORE»
