Booster lifts fund value

7.12.22 Booster Innovation Fund has advised NZX of potential for a material valuation adjustment. Booster has been informed by one of the businesses in the Booster Innovation Fund’s investment portfolio, that a lead investor has agreed to sell a portion of its shares...

Portfolio manager switches firms

5.12.22 Kiwisaver Fund managers Generate announced that Nathan Field will be joining the company as a Global Equities Portfolio Manager in March 2023. Field comes with a rich experience in portfolio management; for over a decade he has been responsible for the...

Hold steady on KiwiSaver – ASB

6.4.22 Volatile markets are continuing to cause concern for KiwiSaver members, but the majority of investors are sticking with their strategies and some are making the most of the lower market by making voluntary contributions, says ASB Bank. following a new survey on...

MMC acquired by global firm

27.12.21 MMC, an Auckland-based specialist outsourcing and investment administration business, has been acquired by the Bermuda-based financial back-office specialist Apex. MMC has grown from scratch in 2002 to administer about $100 billion on behalf of fund managers,...

Simplicity hits $4bn in funds

  10.11.21 Simplicity promises further disruption as funds reach $4 billion. Simplicity, a non-profit fund manager and default KiwiSaver provider has just reached $4 billion of funds under management, with over 75,000 members in its KiwiSaver and Investment...