Fund managers love to talk about their investment performance, but some are reluctant to talk about their own performance.

The string of improving results from fund managers is continuing with both Devon Funds Management and Generate Investment Management reporting substantial annual profit increases.

Mint Asset Management shone in New Zealand equitites in the June quarter while Milford Asset Management was the top performer in Australasian equities, according to the results for wholesale funds in the latest MJW survey.

The year ended March 31 was a much better year for Milford Funds than the previous year, largely because of performance fees.

Financial markets appear to be overlooking any potential volatility from global political and other international developments, according to MJW in commentary attached to its latest survey of fund performances.

Taking a passive approach to investment paid off for those in Simplicity's growth and blanced KiwiSaver funds in the June quarter and for those in its newer default fund created after it was chosen two years ago to be one of the six default managers.

The Financial Services Federation, which mostly represents non-bank financiers, has started signing up mortgage advisers as affiliate members.

The Salt Sustainable Growth Fund is currently underweight New Zealand equities and the Sustainable Income Fund has reduced its exposure to NZ shares as the local market continues to underperform the major global equity markets.

The Flint Wealth management platform has been forced to close following the sale of Trustees Executors to Apex Group and the withdrawl of the custodial and registry services it had provided to Flint.

Perpetual Guardian Investments has made a few changes to the Castle Point funds including selling its holdings in Synlait Milk and Move Logistics.

KiwiSaver fees are “highly competitive” with the fees charged by much larger Australian and British peers, according to analysis by Deloitte Consulting Australia commissioned by Generate KiwiSaver.

Home equity release has been described as a way the elderly can ‘eat’ some of the equity in their houses – enabling pensionsers to get by while still living in their homes. Now there’s a new way to do it. Jenny Ruth investigates.

The year ended March 2024 looks like another lean one for fund managers if the results of three managers lodged with the Companies Office are any guide.

The year ended March 2024 looks like another lean one for fund managers if the results of three managers lodged with the Companies Office are any guide.

The most likely type of financial institution to fail and require the new deposit guarantee scheme to kick in would be of a non-bank deposit taker and would be likely to cost between $800 million and $1 billion up front, with recoveries likely to reduce the cost to between $100 million and $400 million.

Graeme Lindsay's professional life in the insurance industry was bookended by brushes with cancer.