BNP Paribas Securities Services is on track to roll out a suite of global solutions in the NZ market, according to top custody executives from the group on a whistle-stop tour of the region last week. Philippe Benoit, the Paris-based head of BNP Paribas strategic business development and transformation securities services, said the group was... [Read More ..read more

In the first half of 2022 the market fell almost as much as it did when Europe tumbled into World War Two. Then it reversed course – and famed bubble spotter Jeremy Grantham says a new artificial intelligence bubble is the cause. Jeremy Grantham made his career calling and dodging market bubbles, so it’s inconvenient... [Read More ..read more

Along with most other alternatives, private equity has traditionally been a game for the big end of town. But storied UK-headquartered investment firm, Schroders, is looking to take private equity (PE) down to street-level NZ investors with a fund-of-funds strategy designed to resolve some long-standing retail roadblocks to the asset class. On tour this side... [Read More ..read more

Outgoing ANZ Investments head of asset allocation, Maaike van Tol, will join the NZ Superannuation Fund (NZS) as director portfolio design. As reported last week, van Tol and fellow ANZ veteran, head of Australasian listed property, Craig Tyson, resigned last week under different notice periods. Due to end a more than nine-year shift at ANZ,... [Read More ..read more

The Australian Securities and Investments Commission (ASIC) has put the country’s ‘digital asset’ sector on notice of tough new regulations ahead Speaking at an industry event last week, ASIC commissioner, Alan Kirkland, said the regulator had “already begun thinking about implementation” of looming reforms set to bring crypto-asset platforms under the financial services licensing regime... [Read More ..read more

Australian private debt specialist, Revolution Asset Management, has opened up its flagship fund in a portfolio investment entity (PIE) wrapper for NZ wholesale and institutional clients. The PIE feeds into the underlying Revolution Private Debt Fund II, an Australia-domiciled vehicle launched in 2019 targeting assets such as “private corporate loans, real estate debt (no construction... [Read More ..read more

The increasingly popular catastrophe bond market is unlikely to suit the majority of NZ investors due to opaque risk disclosures and byzantine fee arrangements Makao Investments argues in a new paper. Published last week, the Makao analysis says while ‘cat’ bonds can act as a good portfolio diversifier, underlying product nuances render the asset class... [Read More ..read more

Many of the world’s largest institutional investors are doing what the market tells them and moving faster on asset allocation changes and investment decisions as uncertainty spikes. According to the 2024 EQuilibrium survey published by US asset manager Nuveen last week, a more uncertain investment environment is accelerating the pace at which some institutional investors... [Read More ..read more

ANZ Investments has suffered a double-blow with two long-time senior members of the funds management team set to leave. The bank-owned business told clients today that Craig Tyson, head of Australasian listed property, and Maaike van Tol, head of asset allocation, would both be exiting the $33 billion plus funds management business over the next... [Read More ..read more

Up to two consultancy gigs are up for grabs at the NZ government pension fund investment manager, Annuitas. The Wellington-based Annuitas, which manages about $6.6 billion via the Government Superannuation Fund (GSF) and the National Provident Fund (NPF), put a tender out last month covering investment advisory work as well as providing “assurance and guidance... [Read More ..read more