Mint and Wedge get together for a new bond fund

Mint Asset Management and newcomer Wedge Management are getting together to launch a new Trans-Tasman fixed income fund.

Wedge founder and Managing Director Dave McLeish it makes to partner with Mint as they are a trusted and highly respected name in New Zealand.

Mint Chief Executive Kirsten Boldarin said the new fund fills a hole in its product suite and that it made sense to draw on the investment skills of the Wedge team rather than recruit its own portfolio managers.

She also said it fits with Mint's strategy, which is implementing in its diversified funds, of moving away from direct securities to a fund of funds approach.