As expected, Reserve Bank governor Alan Bollard has raised interest rates for the fifth time this year and is promising more to come is likely.

Christchurch

As expected the Reserve Bank has hiked the Official Cash Rate 25 basis points.

Although Goldman Sachs JB Were has traditionally been known as a long-only equities manager it is now moving into the absolute return space.

Balclutha

Women in Super (WiS) is a national network of women associated with the superannuation industry in New Zealand. It is a non-profit organisation with voluntary membership.

WiS was inspired by its Australian counterpart, which was established more than 10 years ago and is now a powerful lobby group representing Australian women in financial services.

Tyndall, owned by Promina, is one of the leading fund managers in New Zealand.

Tower appears to be taking the threat of the NZX-promoted MOZY passive fund seriously, as it has sent an email to brokers outlining the key differences between the fund and one of its own.

Auckland

ABN AMRO Craigs and Direct Capital Private Equity have launched a $40 million capital raising by Pohutukawa Private Equity, a private equity investment company promoted and managed by the two companies.

The winners and finalists in the NZ Mortgage Broker of the Year 2004

Adviser taskforce Terms of Reference, Kingfish v Salvus, Sentinel results.

Kiwibank says that its mortgage lending had doubled in the past year and its book was at about $1 billion.