Investment News NZ

Booster goes all-in on Lifetime; Fisher makes first direct play

David Chaplin — Sun, 27 Sep 2026 10:45:56 +0000

Independent financial advisers remain unfazed by the Booster bid for the Lifetime Group network, according to chief, Diana Papadopoulos. Papadopoulos said feedback to date on the Lifetime proposal has been “surprisingly positive”. “I think advisers recognise there is space for multiple models,” she said. In a statement, Paul Foley, Booster Group chair, also said the... [Read More...]

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Robertshawe to exit Octagon; QuayStreet bolsters investment team, board; FNZ adds local turnaround expert to board

David Chaplin — Sun, 27 Sep 2026 10:30:35 +0000

Octagon Asset Management chief investment officer, Paul Robertshawe, is to leave the business in December just five months after its purchase by SPH Wealth. Robertshawe will follow other members of the Octagon team, Jason Lindsay and Matt Hardwick, out the door as the $1 billion plus manager beds down in its new SPH (formerly Alvarium... [Read More...]

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S&P brushes off ‘index-washing’ claims

David Chaplin — Sun, 27 Sep 2026 10:15:13 +0000

S&P Dow Jones Indices (S&P DJI) has hit back at some of the recent criticisms levelled at its NZ active fund manager report in a new note published mid-September. Studies by Aurellan Asset Management this month argue the S&P Indices Versus Active (SPIVA) NZ analyses of global and local share funds measured polluted samples against... [Read More...]

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Generate jumps in June as KiwiSaver tops $150bn…

David Chaplin — Sun, 27 Sep 2026 10:00:37 +0000

Total KiwiSaver funds under management busted through $150 billion during the June quarter, according to new Plan for Life (PFL) data, with four top 12 providers posting double-digit growth. Generate grew more than 17 per cent over the three months to June 30, the PFL survey shows, adding more than $1.4 billion to end the... [Read More...]

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… as Deloitte finds NZ regime punches below its (fee) weight

David Chaplin — Sun, 27 Sep 2026 09:45:11 +0000

Median KiwiSaver fees undercut Australian superannuation counterparts again in round three of a biennial study carried out by Deloitte. According to the 2026 Generate-sponsored study released last week, median KiwiSaver fees for members on a $35,000 balance landed at 0.77 per cent versus an equivalent Australian super score of 0.79 per cent. Greg Smith, Generate... [Read More...]

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Advisers flow to RIAA; NZ a standout for ESG funds

David Chaplin — Sun, 27 Sep 2026 09:30:33 +0000

The Responsible Investment Association of Australasia (RIAA) hosted a record number of financial advisers at its annual NZ conference in Auckland last week. Advisers accounted for about 50 of the more than 350 RIAA delegates crammed into Cordis Hotel in a marked change from the institutional flavour of previous events. RIAA, co-headed by Dean Hegarty... [Read More...]

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ASIC loses patience with private credit

David Chaplin — Sun, 27 Sep 2026 09:15:08 +0000

The Australian Securities and Investments Commission (ASIC) is readying for a crackdown on private credit funds as the collapse of a large property development company sends ripples through the sector. In a speech delivered at a property finance industry conference last week, Simone Constant, ASIC commissioner, said many private credit funds still failed to meet... [Read More...]

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Liquidity rising: big money turns up the temp on cash

David Chaplin — Sun, 27 Sep 2026 09:00:46 +0000

Cash is the swing-king this year as institutional investors play defence and optionality, the latest Marsh survey of large asset-owners has found. According to the Marsh (ex Mercer) study, cash saw the biggest year-on-year sentiment shift among the 430 institutions tapped for the poll with a net 22 per cent of respondents set to increase... [Read More...]

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FMA to tweak COFI incentives info

David Chaplin — Sun, 27 Sep 2026 08:45:20 +0000

The Financial Markets Authority (FMA) has opted for a more “targeted” information campaign in lieu of rewriting guidance on intermediary sales incentives. The latest monthly FMA communiqué notes the regulator “concluded that updating the guidance is not the preferred mechanism for addressing” concerns about Conduct of Financial Institutions (COFI) sales incentives and mortgage advisers. Under... [Read More...]

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Gender split worsens in under-pressure active funds sector

David Chaplin — Sun, 27 Sep 2026 08:30:31 +0000

Female representation among the global active portfolio manager community has fallen in proportional and nominal terms for the first time in almost a decade. The 11th edition of the ‘Alpha Female Report’ published by UK-based financial media organisation, Citywire, found only 12.6 per cent of active fund managers across the world are women, down from... [Read More...]

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FirstCape reveals $50m+ Consilium price

David Chaplin — Sun, 20 Sep 2026 11:30:18 +0000

FirstCape committed more than $51 million to acquire Consilium in May 2025 with a further estimated earn-out payment of almost $4 million due in 2027 pending results, according to accounts released last week. The FirstCape financial statements show the consortium paid upfront cash of $41.9 million for Consilium last year plus a locked-in ‘deferred consideration’... [Read More...]

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ANZ finds asset allocation head in BlackRock, loses veteran analyst; ex Annuitas CIO joins ForBar; Octagon BDM exits; Aussie fund distribution opens in NZ; NZ Super completes job hunt

David Chaplin — Sun, 20 Sep 2026 11:15:57 +0000

ANZ Investments has imported a BlackRock economist from Japan to assume the head of asset allocation role. Christian Carrillo served as BlackRock head of Asia-Pacific economics in Tokyo for more than 14 years before taking up the ANZ role this month. Carrillo arrives as the permanent replacement for Qing Ding, who ended a two-year stint... [Read More...]

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