There is no hold-up with the investigation into Milford Asset Management, the Financial Markets Authority says.

ANZ Investments has taken the top award at the Morningstar New Zealand Fund Manager of the Year Awards in Auckland tonight.

AMP’s goal of diversifying its business is showing signs of success with its wealth management business underpinning a strong performance in the 12 months to December 31.

Record-keeping practices are believed to be causing a hold-up in the investigation into Milford Asset Management.

Craigs Investment Partners is expanding into Australia and says the move will benefit its clients in New Zealand.

Harbour Asset Management has partnered with Baltimore-based global asset manager T. Rowe Price to bring a wholesale global equity PIE fund to New Zealand.

Health insurer nib is focused on building its brand and the direct-to-consumer channel in New Zealand, its managing director says.

Nikko Asset Management managing director for Australia Mike Davis has resigned.

A $200 million investment lost in the collapse of a Portugese bank is a small portion of the NZ Super Fund’s $27.8 billion total.