Articles tagged with 'Milford Asset Management'
Better year for Milford
29 July 2024 - The year ended March 31 was a much better year for Milford Funds than the previous year, largely because of performance fees.
NZ scopes a green taxonomy to provide a common language on sustainable finance
26 March 2024 - The government has begun work with Toitū Tahua: The Centre for Sustainable Finance (CSF) and the Climate Bonds Initiative on a green taxonomy for New Zealand.
Fund managers want modern slavery law to match investor expectations
13 February 2024 - A group of Kiwi fund managers want the modern slavery bill to require companies to conduct due diligence and take action to stop exploitation in their supply chains.
Milford appoints new board member
25 November 2023 - Hong Kong-based chief executive returning to New Zealand to take up board position at Milford.
Robson gets new role at Milford
17 November 2023 - Michael Robson has been promoted to a new role at Milford Asset Management.
Another leading KiwiSaver provider calls for changes
24 September 2023 - Calls for changes to KiwiSaver are growing louder.
[The Wrap] Cagey Milford lifts dividends despite profit decline
4 August 2023 - Tracking down the financial statements of fund managers is straightforward for most local managers but with a few it can be tricky to identify the reporting entity.
Milford appoints new head for bond funds
29 May 2023 - Milford Asset Management has appointed a new lead portfolio manager for its trans-Tasman bond fund and its global corporate bond fund.
Milford embraces technological advice and transparency as part of third party Kiwisaver growth
23 March 2023 - In 2007, Milford Asset Management entered its retail phase, originally built on a network of direct clients.
Milford CEO to depart
23 February 2023 - Another funds management leader has announced he is planning to step down from his role.
Highly experience director takes over Milford chair; TEA gets HR man
18 March 2022 - Milford gets highly experienced chairman; Trustees Executors gets FMA man.
Milford makes significant board appointment
1 December 2021 - Milford Asset Management has added considerable financial services experience to its board.
Milford adds to its intermediary team
30 October 2021 - Milford has appointed Rohaan Mohanty as a new business development manager in its intermediary team. Mohanty joins Milford after 11 years working...
Milford expands investment team
22 October 2021 - Milford continues to expand its investment team with the addition of a new investment analyst.
Milford establishes a new foundation
23 August 2021 - Milford Asset Management has launched a new foundation that will be enduring and create an even more meaningful impact for future generations.
Milford remains the gorilla of the funds management industry; others bleed
4 August 2021 - The latest data shows that Milford took more than half of all the funds flow in the June quarter, but also produced top performance.
Inflation about to hit Main Street
12 May 2021 - Markets will have one and half eyes on inflation prints over the rest of 2021 as investors try to ascertain how substantial and sticky inflation pressures are.
Milford unveil KiwiSaver digital advice tools
2 December 2020 - Milford Asset Management have just launched a brand new suite of digital advice services for their KiwiSaver clients.
Milford continues Australian expansion
27 November 2020 - Milford beefs up Australian expansion with new additions to the Sydney team.
Fund history should reset after reclassification, adviser says
6 August 2020 - One financial adviser says it’s misleading that the fund that tops the Morningstar KiwiSaver growth category for five and 10-year returns was not in that category for the whole of that time.
KiwiSaver sector slams National proposal
29 July 2020 - New Zealand’s KiwiSaver sector has panned a proposal from National to allow unemployed people to tap into their accounts to start a business.
NZX outperforms ASX in eight of 10 years
12 July 2020 - New Zealand’s market has outperformed Australia's for eight of the past 10 years – primarily because of the make-up of the index, Milford Asset Management portfolio manager William Curtayne says.
[GRTV] Watch out for some market surprises: Gaynor
17 June 2020 - Milford Asset Management director Brian Gaynor shares his thoughts on the sharemarket and what to expect in the Covid-19 recovery phase.
Optimistic view of New Zealand equities likely to continue [+VIDEO]
16 May 2020 - Investors’ optimistic view of the New Zealand sharemarket is likely to continue in the wake of yesterday’s Budget announcements, according to Milford Asset Management Senior Analyst Frances Sweetman.
Managers ramp up communication
5 April 2020 - Fund managers’ communication channels have been put into overdrive by market downturns around the world – and some predict it could change the way KiwiSaver members engage with their investments in future.
Managers grapple with Covid-19 disruption
4 March 2020 - Active managers say coronavirus-related market disruption should be their chance to shine – although one warns they shouldn’t overstate their ability to “forecast the unforecastable”.
Regulation pushes firms to vertical integration
17 February 2020 - Fisher Funds chief executive Bruce McLachlan says new regulation is creating an environment in which it is easier for product providers, such as fund managers, to have their advisers in-house.
Low interest rate environment creates adviser opportunity
7 February 2020 - Advisers dealing with clients shifting out of term deposits because of low interest rates will have to be prepared to have a conversation about fees, Milford Asset Management’s head of private wealth says.
Milford rolls out KiwiSaver advice
20 December 2019 - Milford Asset Management has started a soft launch of KiwiSaver advice for members.
Home a-loan this Christmas
12 December 2019 - Milford Asset Management portfolio manager Michael Higgins explains why mortgage brokers have become so dominant in Australia.
New income manager at Milford
23 October 2019 - Milford boosts its income team with a new manager to help run its $2.8 billion Milford Diversified Income Fund.
New advice fee model for KiwiSaver
16 October 2019 - Milford Asset Management has launched an innovative new way to pay advisers for giving advice on its popular KiwiSaver funds.
KiwiSaver providers question loss-making assumptions
20 August 2019 - KiwiSaver providers are raising questions about a series of prescribed assumptions they will have to use to show clients' KiwiSaver balance projections – including that defensive funds will lose money in real terms each year.
What’s more important for KiwiSaver members? Net returns or fees?
14 August 2019 - One of the big debates, particularly in KiwiSaver, is what should customers focus on? Net returns or fees. The regulator’s answer may surprise you.
KiwiSaver 'as good as it gets'
1 August 2019 - Morningstar warns the past quarter was “about as good as it gets” for KiwiSaver returns.
Milford records big increase in fee income
28 July 2019 - Fund manager Milford has seen its fee income increase nearly 20% the 12 months ending March 31, however profit is down.
Milford succession plans continue as Gaynor dials back day-to-day management
7 March 2019 - Milford Asset Management's succession plans are continuing as its high-profile investment head Brian Gaynor steps back from the day-to-day management of the fund manager and acting chief executive Mark Ryland has been appointed permanently.
Milford boss departs
19 December 2018 - Milford Asset Management's chief executive is leaving the firm.
Fund managers: What next for NZX?
30 October 2018 - Fund managers are worried a lack of listings on the NZX may be unsustainable.
Milford's Brian Gaynor talks markets
18 October 2018 - With all the talk about what's next for financial markets, Good Returns TV asked Milford Asset Management executive director Brian Gaynor if markets were about to turn.
Picking Winners
12 September 2018 - For a more in-depth look at the FundSource Fund Manager of the Year Awards and how winners decided, we have Chief Judge, Darren Howlin in the Good Returns TV studio to explain the process.
Milford's fee income income increases 31%
2 August 2018 - Fund manager Milford Funds has clocked up almost a third more in management fee income in the most recent financial year than in the 12 months previous.
Milford appoints distribution head
29 June 2018 - Milford Asset Management has appointed a head of intermediary distribution, to focus on servicing and growing relationships with financial advisers, wealth management firms and adviser networks.
KiwiSaver must change, providers say
13 June 2018 - Product-based commission should be banned for financial advisers offering advice on KiwiSaver, Milford Asset Management chief executive Troy Swann has told an event in Auckland.
Milford takes Consumer award
14 May 2018 - Milford’s KiwiSaver Plan is the 2018 Consumer NZ People’s Choice award winner, receiving the highest score for KiwiSaver customer satisfaction in Consumer...
Milford sees more opportunities in NZ market
9 April 2018 - Milford Asset Management has launched three new funds to retail investors – including an Australian version of its flagship fund, which has hit the limits of the New Zealand share market.
Tax breaks needed to boost savings: Milford
19 March 2018 - One fund manager is calling for tax breaks to boost New Zealand's savings rate.
Morningstar finalists announced
20 February 2018 - This year Harbour, Nikko and Milford Asset Management are the three finalists for the Morningstar Fund Manager of the Year. Nikko and Harbour (including...
Rethinking retirement assumptions
2 February 2018 - Advances in healthcare and technology have improved life expectancy in New Zealand at a staggering rate – by almost two years every decade since 1960. Investors retiring at 65 should be preparing for a long retirement. In this commentary John Berry asks how long should advisers target for their clients’ savings to last, and do historic assumptions for growth asset allocations for retirees need a rethink?
'Business as usual' despite correction fears
22 January 2018 - Fund managers are being told a shift to alternative assets could be a good move if they expect a downturn in 2018.
KiwiSaver 'shouldn't be only scheme with perks'
19 January 2018 - The Government should think about offering other tax-advantaged investment vehicles if it wants to break New Zealanders' focus on residential property, says Rebecca Thomas, chief executive of Mint Asset Management.
KiwiSaver should invest more in NZ: Gaynor
15 December 2017 - New Zealanders have missed out on KiwiSaver returns because of their lack of exposure to the local share market, one manager says.
Report, not court action, for Goldman Sachs
15 November 2017 - Trading by Goldman Sachs New Zealand might have been misleading but that will not be tested in court, the Financial Markets Authority says.
Getting to Know: Murray Harris
29 September 2017 - Murray Harris says financial advice is about much more than money and investments. But his time with the world's super-wealthy has given him added appreciation of both.
Fund Source surprises with awards
30 August 2017 - There were some surprises in the Fund Source Fund Manager of the year awards which where handed out in Auckland last night.
Chaotic election not necessarily bad news for investors
22 August 2017 - New Zealand’s political landscape may be turmultuous but fund managers are divided on how much of an impact it will have on the local markets.
Performance fees boost managers' earnings
2 August 2017 - Performance fees have helped to lift the fee revenue claimed by fund managers Milford and Fisher Funds.
Performance fees still need work: Morningstar
19 July 2017 - [UPDATED, ADDS FMA COMMENT] Some New Zealand fund managers are still charging inappropriately structured performance fees, despite FMA attempts to offer guidance, Morningstar director of manager research ratings, Asia-Pacific, Chris Douglas said.
MBIE: Advisers will be consulted
11 July 2017 - The Ministry of Business, Innovation and Employment has responded to adviser concerns about a lack of an independent advice practitioner in the working group that will develop the new code of conduct for the sector.
Advisers told: Your voice will be heard
4 July 2017 - First-hand adviser input will be critical for the working group tasked with developing the new code of conduct for financial advisers, the group’s chair, Angus Dale-Jones, says.
Warminger slapped with hefty penalty (+ JUDGMENT)
30 June 2017 - The High Court has handed former fund manager Mark Warminger a substantial penalty but the appeals continue.
Harris moves to Pie
13 June 2017 - A senior investment analyst at Milford has moved to Pie Funds.
Warminger, FMA appeal
23 April 2017 - The Financial Markets Authority is appealing a judge’s decision that eight of Milford Asset Management portfolio manager Mark Warminger’s trades did not manipulate the market.
Milford Asset Management gets new advice head
5 April 2017 - Milford Asset Management has made changes among its team.
Gaynor: Role change part of succession plan
21 February 2017 - Milford executive director Brian Gaynor says his decision to give up portfolio management duties is part of a natural evolution for the firm.
Milford Private Equity Fund II oversubscribed
20 December 2016 - Milford will close its capital raising for the Milford PE Fund II at its hard cap limit of $150 million. The PE Fund was oversubscribed from current and...
Milford to establish private equity fund
21 November 2016 - Milford Asset Management is currently aiming to raise $100 million for a new private equity fund.
Data, not intent, key to expert analysis
13 October 2016 - Intent behind Mark Warminger’s trades was not part of the analysis, confirms defence expert witness in the country’s first market manipulation trial.
Market manipulation unreasonable conclusion - expert
12 October 2016 - “Nothing unusual” in contentious trading at the centre of New Zealand’s first market manipulation trial, the defence’s star witness has told the Auckland High Court.
Assumptions, not evidence – Warminger defence
7 October 2016 - Expert witness based his analysis of Mark Warminger’s trading activity on assumptions about intent, defence lawyers claimed in the latest instalment of the high profile market manipulation trial.
Acceptable trading behaviour questioned
6 October 2016 - Portrait of Mark Warminger as an aggressive, emotional trader emerges as his trial for market manipulation at the Auckland High Court continues into its second week.
FPH trading under trial spotlight
30 September 2016 - The spotlight in the Mark Warminger case swung on to two of New Zealand’s investment sector heavyweights in day four of the trial at the Auckland High Court.
Getting clarity on market manipulation
29 September 2016 - Guidelines intended to provide brokers with more clarity on market manipulation are currently being worked on by the NZX, it has emerged at the Mark Warminger trial at the Auckland High Court.
Trades get all-clear from 'world leader'
28 September 2016 - A witness described as one of the world’s leading experts in market manipulation is reportedly due to tell the Auckland High Court there was no evidence Mark Warminger’s trading amounted to market manipulation.
Warminger faces $1m penalty per trade
26 September 2016 - The Financial Markets Authority’s case against a Milford Asset Management portfolio manager accused of market manipulation has begun.
Milford: Warminger's decision to fight FMA a personal one
20 September 2016 - Milford Asset Management is moving to assure clients that it is “business as usual” as one of its portfolio manager prepares for a legal fight over market manipulation.
Milford: Warminger's decision to fight FMA a personal one
10 September 2016 - Milford Asset Management is moving to assure clients that it is “business as usual” as a portfolio manager prepares for a legal fight over market manipulation.
Milford appoints new CEO
25 August 2016 - After an extensive international and New Zealand wide search, Milford Asset Management has today announced the appointment of Troy Swann as its new chief...
Milford manager jumps ship
10 August 2016 - Boutique Australian Equities fund manager, IML, has appointed a new assistant portfolio manager in a move aimed at dealing with the company's continued...
Trans-Tasman appointment for Milford
16 June 2016 - Milford Asset Management has appointed a new head of Australian equities, based in their Sydney office.
FMA must reveal more of Warminger case
13 June 2016 - The Financial Markets Authority has been told it must provide more details of the case it is taking against Milford Asset Management portfolio manager Mark Warminger.
NZ Super fund and Milford cut ties
21 April 2016 - [UPDATED with Quirk comments] The Guardians and Milford have mutually agreed to part ways a year after the company was suspended as a manager.
Milford appoints director
6 April 2016 - Milford Asset Management has appointed a new non-executive director to its board.
Quirk leaving Milford role
24 March 2016 - Milford Asset Management has announced managing director Anthony Quirk has signalled his intent to leave his role, however he will stay involved in the business.
Managers move away from alternatives
22 February 2016 - Generate and Milford had the largest percentage gain in KiwiSaver funds under management in the December quarter, new data from Aon shows.
Milford passes $500m mark in KiwiSaver
9 February 2016 - Milford has amassed more than $500 million in its KiwiSaver funds.
Warminger date set
19 October 2015 - The Financial Markets Authority’s case against former Milford Asset Management portfolio manager Mark Warminger will be called at the Auckland High Court...
Performance fee structures shortchanging investors
28 September 2015 - Most managers charging performance fees are not doing so in a way that best serves investors, it has been claimed.
Milford must work harder for performance fees
4 September 2015 - Milford Asset Management is changing its performance fee charge, including a revamp of its “high water marks”.
Milford gets DIMS licence
19 August 2015 - Milford Asset Management's private wealth division has been grated a discretionary investment management service (DIMS) licence by the FMA.
FMA tells managers about misconduct risks
14 August 2015 - The FMA has sent a Information Sheet to fund managers about misconduct risks which is being interpreted as a response to alleged market manipulation at Milford Asset Management.
Milford a test case, lawyer says
6 August 2015 - The FMA will be reasonably confident in its chances of success in civil proceedings against Milford Asset Management portfolio manager Mark Warminger,...
FMA takes action against Milford trader
31 July 2015 - The FMA has issued civil proceedings in the High Court against Milford Asset Management portfolio manager Mark Warminger.
Milford fund downgraded
21 July 2015 - Morningstar says its downgrade of Milford’s Trans-Tasman Fund reflects the fact that Brian Gaynor will have to adopt an unfamiliar strategy to manage its money.
Milford clients jump ship
6 July 2015 - A $1.5 million settlement with the FMA has not been the only blow to Milford Asset Management as a result of the investigation into alleged market manipulation.
FMA tipped to crack down on more managers
24 June 2015 - Milford Asset Management will not be the last fund manager to fall foul of the Financial Markets Authority, one legal expert says.
Milford status reviewed
23 June 2015 - Morningstar has placed Milford’s Trans-Tasman Fund “under review”. The change illustrates the possibility of sell-down driven liquidity concerns...
Milford action should boost confidence: NZSA
22 June 2015 - Financial Markets Authority action against Milford Asset Management should give investors more confidence, says New Zealand Shareholders Association chairman John Hawkins.
Super Fund mulls what to do about Milford
19 June 2015 - The NZ Super Fund says it has not yet decided whether Milford will regain its mandate to manage its funds.
Is the FMA looking in right places?
19 June 2015 - Ever since news broke that the FMA was investigating Milford Asset Management over market manipulation allegations I’ve said there can’t be smoke without fire.
Milford loses a portfolio manager
18 June 2015 - Milford Asset Management has registered amendments to its prospectus. It now has one less portfolio manager.
FMA: Settlement better than going to court
18 June 2015 - A $1.5 million settlement with Milford Asset Management is designed to send a clear signal to the rest of the market that the FMA is watching and will take action, even if it requires a lengthy and expensive investigation, the FMA's chief executive says.
Milford to pay $1.5 million
18 June 2015 - The Financial Markets Authority has completed its investigation into trading activity between December 2013 and August 2014 by a trader employed by Milford Asset Management Limited (Milford).
FMA decision on Milford expected soon
10 June 2015 - The FMA says it is has completed its investigation into market manipulation claims against Milford Asset Management, and is nearing the end of its engagement...
Milford suspension appropriate: NZSF
1 May 2015 - The NZ Super Fund says suspension rather than termination of Milford Asset Management’s mandate was the appropriate action for it to take.
Bad news for Milford
2 April 2015 - [UPDATED WITH FMA, MILFORD COMMENT] Milford Asset Management has had a $281 million mandate suspended while an investigation into alleged market manipulation continues.
FMA: No hold-up
26 February 2015 - There is no hold-up with the investigation into Milford Asset Management, the Financial Markets Authority says.
Match-fixing in funds management
16 February 2015 - Whoever leaked information the FMA was investigating Milford Asset Management for suspected market manipulation had very good timing.
What's behind the FMA investigation into Milford?
10 February 2015 - Milford’s decision to out itself and fess up to being the fund manager at the centre of the FMA’s market manipulation investigation earn the company a tick.
