The Generate KiwiSaver scheme, New Zealand’s newest KiwiSaver scheme, was registered with the Financial Markets Authority on December 17.
Generate Funds was established in November and its directors include Couillault and Peter Brook, an independent director of the Argosy property fund.
One of its shareholders is Henry Tongue, who was a senior portfolio manager at the Huljich KiwiSaver scheme which was bought by Fisher Funds for just under $21 million after its founder Peter Huljich got into trouble for misleading investors.
Couillault left Fisher Funds in 2008 and in 2011 teamed up with the Rich Listed Spencer family to launch fund management firm Richmond Investment Group, which offered funds-of-funds that invested in a group of undisclosed hedge funds.
No investment statement or prospectus has been released for the Generate scheme yet.
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