Investment News NZ https://investmentnews.co.nz/ Investment News provides financial advisers news stories from the financial industry in New Zealand. Subscribe to our free weekly newsletter. Mon, 27 Jul 2026 02:55:31 +0000 en-NZ hourly 1 https://wordpress.org/?v=6.9.5 https://investmentnews.co.nz/wp-content/uploads/fav.png Investment News NZ https://investmentnews.co.nz/ 32 32 Aurora KiwiSaver takes on new identity, third-party funds https://investmentnews.co.nz/investment-news/aurora-kiwisaver-takes-on-new-identity-third-party-funds/?utm_source=rss&utm_medium=rss&utm_campaign=aurora-kiwisaver-takes-on-new-identity-third-party-funds Sun, 26 Jul 2026 10:22:16 +0000 https://investmentnews.co.nz/?p=30552 The more than $500 million Aurora KiwiSaver scheme has rebranded and moved to a multi-choice manager model in a shake-up unveiled last week. Following the strategic makeover, Aurora was renamed under the brand of associated entity, Hive. At the same time, the-now Hive KiwiSaver scheme will sell members funds from three external managers – Harbour,... [Read More...]

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]]> UPDATED: Brighouse, Buell resign from Fisher; Octagon equities manager returns to ACC; Milford refurbs in Tauranga, cracks $300m in fee revenue https://investmentnews.co.nz/investment-news/brighouse-buell-resign-from-fisher-octagon-equities-manager-returns-to-acc-milford-refurbs-in-tauranga/?utm_source=rss&utm_medium=rss&utm_campaign=brighouse-buell-resign-from-fisher-octagon-equities-manager-returns-to-acc-milford-refurbs-in-tauranga Sun, 26 Jul 2026 10:21:59 +0000 https://investmentnews.co.nz/?p=30540 NZ fund industry veteran, Mark Brighouse, is to step down as Fisher Funds chief investment strategist early in 2027 after a 15-year career at the Takapuna-based firm. Brighouse joined Fisher in 2011 from the seminal NZ fund shop, Brook Asset Management, serving as chief investment officer (CIO) until September 2017 before assuming his current role:... [Read More...]

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]]> Review calls for GSF global private equity overhaul, lifeline for Annuitas https://investmentnews.co.nz/investment-news/review-calls-for-gsf-global-private-equity-overhaul-lifeline-for-annuitas/?utm_source=rss&utm_medium=rss&utm_campaign=review-calls-for-gsf-global-private-equity-overhaul-lifeline-for-annuitas Sun, 26 Jul 2026 10:21:43 +0000 https://investmentnews.co.nz/?p=30533 The Annuitas-managed Government Superannuation Fund (GSF) has been urged to phase-out its underperforming, expensive global private equity model among a slew of recommendations in the latest five-yearly statutory review. In a dense 93-page report, the Geneva-based consultancy, Pnyx argues the GSF should gradually exit the global private fund-of-funds portfolio, currently managed largely by US firm... [Read More...]

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]]> Court slams Whimp entities into liquidation; Kerr bankrupted in the UK https://investmentnews.co.nz/investment-news/court-slams-whimp-entities-into-liquidation-kerr-bankrupted-in-the-uk/?utm_source=rss&utm_medium=rss&utm_campaign=court-slams-whimp-entities-into-liquidation-kerr-bankrupted-in-the-uk Sun, 26 Jul 2026 10:21:27 +0000 https://investmentnews.co.nz/?p=30556 In a damning judgment last week, the Christchurch High Court placed six entities operated by wholesale investment firm, Chance Voight, into liquidation after finding a pattern of obfuscation, incompetence and evasion in the group controlled by Bernard Whimp. Among a litany of weird events, Associate Judge Lester found Whimp’s bid for adjournment of the hearing... [Read More...]

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]]> Passive, active opportunities open up as the crowd disperses, MJW finds https://investmentnews.co.nz/investment-news/passive-active-opportunities-open-up-as-the-crowd-disperses-mjw-finds/?utm_source=rss&utm_medium=rss&utm_campaign=passive-active-opportunities-open-up-as-the-crowd-disperses-mjw-finds Sun, 26 Jul 2026 10:21:01 +0000 https://investmentnews.co.nz/?p=30548 Both passive and active investors can take heart as US share markets diluted the so-called ‘Magnificent 7’ influence somewhat over 2026, according to the June quarter Melville Jessup Weaver (MJW) survey. During the three months to June 30, the cabal of seven US tech ‘hyperscalers’ returned 13 per cent compared to 17 per cent for... [Read More...]

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]]> Trust makes Australasian equities manager move; NZ Super goes total Bloomberg https://investmentnews.co.nz/investment-news/trust-makes-australasian-equities-manager-move-nz-super-goes-total-bloomberg/?utm_source=rss&utm_medium=rss&utm_campaign=trust-makes-australasian-equities-manager-move-nz-super-goes-total-bloomberg Sun, 26 Jul 2026 10:20:41 +0000 https://investmentnews.co.nz/?p=30545 Devon has replaced Harbour as underlying manager for the circa $70 million Trust Investments ESG Australasian Share Fund. Following a review, Trust swapped out the managers as of July 7 to end a long-standing gig for Harbour, which has run the asset class for the charity-focused investment house for at least a decade. Harbour is... [Read More...]

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]]> Private investigations: uncovering when you’re winning in unlisted assets https://investmentnews.co.nz/investment-news/private-investigations-uncovering-when-youre-winning-in-unlisted-assets/?utm_source=rss&utm_medium=rss&utm_campaign=private-investigations-uncovering-when-youre-winning-in-unlisted-assets Sun, 26 Jul 2026 10:19:47 +0000 https://investmentnews.co.nz/?p=30537 In a follow-up to the hit Private conversations: managing expectations for unlisted assets, Mercer NZ principal, David Scobie, offers practical guidance on evaluating the performance of a private equity fund…    “It’s a mystery to me, the game commences.” – Mark Knopfler, Dire Straits   Investing in unlisted assets like private equity has its attractions;... [Read More...]

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]]> Pods v pools: how team structures can make advice firms sink or swim https://investmentnews.co.nz/investment-news/pods-v-pools-how-team-structures-can-make-advice-firms-sink-or-swim/?utm_source=rss&utm_medium=rss&utm_campaign=pods-v-pools-how-team-structures-can-make-advice-firms-sink-or-swim Sun, 26 Jul 2026 10:19:21 +0000 https://investmentnews.co.nz/?p=30530 Should multi-disciplinary advice firms build teams of experts or an expert team? Jim Stackpool, founder of Australian financial advisory consulting specialist, Certainty Advice Group, floats some answers   I was talking to Marcus recently. Ten years ago he founded his advisory firm. Sarah joined six years ago, Len seven. Each of them now runs their... [Read More...]

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]]> Government floats wholesale ad-blockers in reform sequel https://investmentnews.co.nz/investment-news/government-floats-wholesale-ad-blockers-in-reform-sequel/?utm_source=rss&utm_medium=rss&utm_campaign=government-floats-wholesale-ad-blockers-in-reform-sequel Sun, 19 Jul 2026 10:11:16 +0000 https://investmentnews.co.nz/?p=30522 Wholesale investment offers could face tight advertising restrictions under a proposed further shake-up of the Financial Markets Conduct Act (FMC) regime tabled last week. In part two of the government’s ‘Capital markets reforms’ program, the Ministry of Business, Innovation and Employment (MBIE) document flags lax promotional standards as one of several flaws in the current... [Read More...]

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]]> Private credit pops as visa money tops $4.3bn https://investmentnews.co.nz/investment-news/private-credit-pops-as-visa-money-tops-4-3bn/?utm_source=rss&utm_medium=rss&utm_campaign=private-credit-pops-as-visa-money-tops-4-3bn Sun, 19 Jul 2026 10:10:59 +0000 https://investmentnews.co.nz/?p=30513 The Active Investor Plus (AIP) scheme ticked above the headline $4 billion level, comprising a mix of real and promised commitments from wealthy migrants, the most recent Immigration NZ data shows. As at May 24, the AIP system had processed some $1.7 billion of ‘committed capital’ with a further $2.6 billion awaiting official visa sign-offs:... [Read More...]

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]]> The (GST) Odyssey II(b): IRD releases director’s cut https://investmentnews.co.nz/investment-news/the-gst-odyssey-iib-ird-releases-directors-cut/?utm_source=rss&utm_medium=rss&utm_campaign=the-gst-odyssey-iib-ird-releases-directors-cut Sun, 19 Jul 2026 10:10:40 +0000 https://investmentnews.co.nz/?p=30526 Following strong industry demand, the Inland Revenue Department (IRD) is back with an extended version of its hit release of summer 2025, ‘GST financial services – Services supplied in relation to retirement schemes’. The re-release, opening for comment last week, adds 14 pages to the original 33-pager discussion document including an in-depth GST-in-financial-services origin story... [Read More...]

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]]> Institutions tilt to active as BlackRock tears through US$15tn https://investmentnews.co.nz/investment-news/institutions-tilt-to-active-as-blackrock-tears-through-us15tn/?utm_source=rss&utm_medium=rss&utm_campaign=institutions-tilt-to-active-as-blackrock-tears-through-us15tn Sun, 19 Jul 2026 10:10:23 +0000 https://investmentnews.co.nz/?p=30501 BlackRock institutional clients continued to rotate out of index funds in favour of active strategies in the June quarter, according to the group’s latest results. Institutional investors funnelled a net US$44 billion into BlackRock active products over the three months to June 30 while draining an almost equal amount (US$41 billion) from indexed counterparts, the... [Read More...]

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