Another new fund manager pops up

Two former BT Funds Management staffers have set up their own business and kicked off with a mandate from their previous employer.

Paul Harrison and Matthew Goodson, who ran equities and property portfolios at BT have established Salt Funds Maangement.

They start off their business by managing "certain New Zealand equity and property portfolio" for BT.

Westpac-owned BT says "the establishment of this relationship is driven by the belief in the benefits to customers of a multi-manager approach and ensures the business objective remains the delivery of high quality, diversified portfolios to Westpac and BTNZ customers."