NZ-based FNZ, the financial software firm run out of London, will have to offload its $260 million-plus Australian software asset within months after the UK competition regulator smothered the deal in a final ruling last week. In a decision handed down on Thursday, November 5, the Competition and Markets Authority (CMA) ordered FNZ to sell…
by David Chaplin The almost NZ$50 billion (A$46.7 billion) NZ Superannuation Fund has made several changes to its manager line-up and asset allocation over the last year including taking a $1.6 billion bond portfolio in-house. Northern Trust and BlackRock were the biggest losers. According to the NZ Super annual report released last week (October 21),…
Another investment platform is due to arrive in NZ within weeks under the ‘Flint Wealth’ brand. It is an equal partnership between Brisbane-based Research IP, run by well-known Australian advisory market identity Darren Howlin, and NZ’s Harbour Asset Management and Trustee Executors.
