Tag: Financial

Investment News for financial advisors in New Zealand #business #plans #samples

#investment news

#

Investment News

Auckland-based fund administrator, MMC, has notched up its second KiwiSaver registry client in the space of a month. MMC, which already provides fund accounting and unit pricing services to a range of KiwiSaver schemes, confirmed the rapidly-growing NZ-owned provider Generate as its second registry client last week. Earlier this month MMC revealed the start-up low-cost KiwiSaver provider, Simplicity, as the inaugural client for its newly-launched registry system. The addition of the $275 million Generate scheme represents “an enormous vote of confidence in MMC and our KiwiSaver registry offering”, according to MMC managing director, [Read More. ]

Recent New Zealand Investment News

After almost 35 years of intellectual input to New Zealand’s actuarial and investment consulting industry, Mark Weaver, has called it quits. Weaver, the last remaining founding partner still working in the triple-titled consulting firm Melville Jessup Weaver (MJW), will hand in his final regression analysis at the end next month before embarking [Read More. ]

It would be up to the police to decide whether KiwiSaver schemes, or other NZ investors, are breaking the law by investing in pooled global equity funds that have exposure to cluster munitions manufacturers, according to Commerce Minister Paul Goldsmith. As well as the Cluster Munitions Prohibition Act 2009, NZ investors could face similar [Read More. ]

The complete set of managed investment scheme (MIS) managers list should tally to about 70, according to the latest figures supplied by the regulator. A spokesperson for the Financial Markets Authority (FMA) told Investment News NZ that 42 managers have already been granted a MIS licence with a further 18 “in various stages of assessment”. The [Read More. ]

New Zealand Superannuation Fund has carved out NZ$600 million from its NZ$4.9 billion passive global equities mandate with Northern Trust Asset Management for two new factor-based mandates with the same manager. The NZ$30 billion fund, which is seen as a bellwether among super funds in the region because of its transparency and innovative [Read More. ]

Almost five months after incumbent, Anthony Quirk, announced his imminent resignation, Milford Asset Management has a new head. In a release last week, Milford confirmed Australian Troy Swann would take over Quirk’s role as at October 31 this year with operations chief, Bryce Marsden, continuing as interim chief executive. Quirk officially [Read More. ]

Macquarie Investment Management has been slapped with a A$400,000 fine after a New South Wales court ruled it had failed in its duties to monitor the now-defunct van Eyk Blueprint International Shares Fund (VBI). In a decision released last Wednesday, the NSW Supreme Court found Macquarie had breached its duties as a responsible entity (or RE – [Read More. ]

Here’s an irony. Link Group last month held a ‘virtual AGM’ for its NZ share registry client Xero. Just over 80 per cent of shareholders ‘attended’ online. But Link is not allowed to do the same for its Australian clients, nor itself. Xero, the successful cloud-based accounting systems firm from Wellington, NZ, provided a glimpse into the future [Read More. ]

Michael Thawley, Australia’s former and highly rated ambassador to the US, has re-joined the funds management industry – and his old firm – taking up the role as senior vice president for Capital Strategy Research at the big equities shop Capital Group. Thawley, who started in the job last week, is based in Los Angeles but will be heavily [Read More. ]

More Investment News





Tags : , , , , , , ,

Tax, Payroll, Financial Services #business #loan #interest #rates

#small business services

#

“SBS was there from the start. I immediately turned the financial part of my business over to their staff and concentrated on growing my business.”

Danica Winters, The Plum Inc.

  • “Cash flow is tight in a project based business. The SBS staff know how to project, prioritize and implement excellent cash-flow management.”

    Quinn Hudson, The Hudson Group Inc.

  • “The Small Business Services’ professional team has been an integral part of my company’s success over the past 15 years.”

    Harry Page, Heat Transfer Components Inc.

    Small Business Services in Atlanta, GA

    Professional business advice can make all the difference. Founded in 1990 in Atlanta, GA, Small Business Services (SBS) has emerged as a reputable and creative advisory firm, providing guidance and financial services to the owner-managed, closely held business, and to individuals who can benefit from strategic planning and goal-setting. Our business services include financial planning. consulting. tax preparation. quickbooks training. payroll. bookkeeping. accounting. and small business management solutions. Whether experiencing new challenges or starting new, SBS can serve your company with hands-on involvement.

    We work with small businesses across many industries such as Non-Profit, Real Estate, Design Creative, Retail Restaurants, and Sales Service.





    Tags : , , ,
  • The Financial Express – Business News, Industry, Personal Finance, Stock Market News #local #business

    #stock market news today

    #

    The Railways need to evaluate whether it should continue to have 125 hospitals, 600 polyclinics and 100 schools directly under its wing, he said.

    Outgoing RBI Governor Raghuram Rajan today rejected the idea of the government taking a special dividend from the central bank for recapitalisation of public sector lenders, saying there is no free lunch .

    India and Vietnam today called for a reform of the UN and an expansion of the Security Council in both the permanent and non-permanent categories of membership, with enhanced representation from developing countries.

    Country s largest two-wheeler maker Hero MotoCorp plans to launch 15 new products in domestic as well as international markets this fiscal, a top company official said today.

    Find the Jeep pricing absurd? Here s the reason and why it isn t necessarily bad

    New Jaguar sets record as fastest selling car for Tata Jaguar Land Rover

    Stable regulatory framework important for investment in auto sector

    The system, which would utilise the same machine learning technology used in Microsoft s artificial intelligence (AI) assistant Cortana, is designed to have a long lifecycle.

    Samsung announces swap for Galaxy Note 7 with Galaxy S7 variants

    Xiaomi Mi Max: Phablet with long-lasting battery for heavy users

    From UrbanClap to OTJ247, take to tech to slay the chores and really enjoy the festive season

    Odisha Chief Minister Naveen Patnaik today launched the Biju Kanya Ratna Yojana (BKRY) and inaugurated 1,000 anganwadi buildings here as part of the celebration marking birth centenary of legendary Biju Patnaik.

    The extraordinary life of Mother Teresa, who worked relentlessly for the upliftment of the destitute and who will be declared a saint by the Roman Catholic Church, must be brought alive on the silver screen, says India s acclaimed veteran filmmaker Shyam Benegal.





    Tags : , , , , , , , , , ,

    Small Business Financial Tools: Free Startup Budget Template and Guide #busy

    #small business startup

    #

    Essential Small Business Financial Tools: Free Startup Budget Template and Guide

    Creating a startup budget is one of the most important tasks a new business owner will undertake. A startup budget serves as a roadmap for the business. It can help you understand where the business is going and whether you’re on the right path. The cost of starting a company varies widely, so it is critical to create an accurate and realistic startup budget specifically tailored to your business.

    There are many reasons to create a startup budget. The main reasons are to figure out how much money you have, how much you will spend, and how much revenue you will need to meet your business goals. A startup budget is usually a key component of your business plan and is useful when applying for a loan or pitching to investors. It explains how your business will spend its resources to reach its goals.

    Business owners should always refer to their budget before making important business expenditures. This helps to make sure they can afford to spend the money. Decisions such as purchasing new machinery or whether to expand operations should only be made after checking to make sure it fits into your budget. You can adjust your budget as needed over time, but make sure to stick to those changes.

    Determining a business startup costs is critical to ensure enough cash is available to begin business operations on time and within the allotted budget. A startup budget usually covers the period leading up to the commencement of operations. It should only include costs that are necessary to start the business. Use this budget to be on the lookout for areas where you can save money .

    Startup costs typically fall within two categories: monthly costs and one-time costs.

    Monthly costs cover expenses that are incurred each month on a recurring basis. such as employee salaries, lease payments and utilities. One-time costs are expenses that are incurred only once during the startup period. Examples of one-time costs include the purchase of a building, computer equipment and consultant fees.

    This startup budget template can be downloaded and used for any type of business. It should be customized to include the specific cost items that apply to the company.

    To fill out this spreadsheet, determine the number of months the startup period will cover. Next, enter the applicable costs into their respective cells. The total amounts will automatically populate based on the embedded formulas. Once completed, you will be able to view an itemized list of your business’ startup costs. An example startup budget is also included to help guide you through the process.

    Starting a business can be difficult and overwhelming. By taking the time to create an accurate startup budget now, you can give your business the best chance of succeeding in the future.





    Tags : , , , , , , , , ,

    Financial Management Software – Advanced Business Manager #business #pages

    #business manager

    #

    Comprehensive Accounting and Business Management Software

    Does your business operate the same as everyone else? We didn’t think so…

    There’s nothing more frustrating than trying to use business software that can’t handle the requirements of your business. You have unique needs, processes and operations so it makes sense that your business and financial management system should be completely malleable around your requirements.

    No matter if you’re big or small, complex or simple. The solution should fit around you, not the other way around.

    At it’s core, ABM is logical and easy to use

    No matter how sophisticated a system might eventually become, the basic building blocks are the first step to a streamlined and efficient system.

    The ABM Core Accounting System is a robust accounting software solution, designed to fufill the needs of modern businesses. It acts as the foundation for a streamlined business management system that’s right for you.

    How do you create the perfect system for your business? – ABM Optional Modules

    Don’t create headaches trying to adapt to the wrong system, use a system that adapts to you. While the ABM Core Accounting System has your accounting headaches covered – what about all the other aspects of your business?

    ABM provides a wide range of optional modules that can be added to the Core Accounting System – creating the perfect setup for your business. If every aspect of your business is run the way you want it to (and it should be!) then you need an accounting and business management system with the flexibility to adapt to your requirements.

    Need an easier way to manage your customers and grow your sales? Our Customer Relationship Manager (CRM) module can help.

    Want an online store? With our E-Commerce module you can effortlessly set-up an online shop with full accounting system integration.

    We also provide solutions for:

    Click here to see how our Optional Modules can benefit your business.

    Even better, finding the right solution for you is easy with ABM Industry Solutions

    In addition to the optional modules, we offer industry specific solutions. These are packages combining the Core Accounting System and a selection of Optional Modules – chosen to fit the needs of specific industries.

    We designed these packages based on the unique and individual needs of a range of industries, so you can be sure you’re getting everything you need in one package.

    WHOLESALE DISTRIBUTION

    The essential tools for wholesale and distribution firms to comprehensively manage their business

    ONLINE RETAIL MANAGEMENT

    ABM retail management package allows your businesses to run competitively

    MANUFACTURING MANAGEMENT SYSTEM

    ABM provides a comprehensive management solution for all aspects of your manufacturing business.

    CONSTRUCTION

    ABM provides the tools your construction business requires to perform efficiently and run smoothly.

    WAREHOUSING

    Run your warehouse efficiently with a tailor made package for Warehousing businesses.

    Importers

    Comprehensive import costing module makes sure your importing business has accurate landed costs.

    PROJECT ENGINEERS

    ABM tools for businesses involved in Engineering Projects to perform efficiently and run competitively.

    ON-SITE SERVICE PROVIDERS

    Manage all aspects of your service business from contact to delivery with ABM’s Service package.

    OFFICE ACCOUNTING

    ABM provides the tools for standard office based business to perform smoothly and efficiently.

    SURVEYORS PLANNERS

    Ensure time spent on projects is recorded accurately and managed efficiently.

    CONSULTING ENGINEERS

    When time needs to be recorded accurately promptly look no further for your Consulting Engineering

    ARCHITECTS

    Efficiently manage and record time for projects with a comprehensive package for Architecture businesses.

    Learn more about our Industry Solutions:

    Small business? Large enterprise? We’ve got you covered.

    This flexibility also means that no matter what your size, budget or required features are, ABM can suit your needs.

    Need something simple at a lower price point?

    Need all the bells and whistles?

    ABM comes in Enterprise and Small Business editions with pricing and payment plans to match.

    Localized support gives you personalized service

    Doesn’t adopting a new accounting system take a bunch of time?

    We wouldn’t expect you to set this up all by yourself, so we work with local channel partners across the globe to ensure that the support you get is personalised and efficient.

    But don’t just take our word for it.

    A business decision like the adoption of a new accounting system should be calculated. The man hours saved and the increase in productivity due to reduced frustration should far outweigh the cost. Here’s a few examples of people who done just that:

    Spencer Holmes Ltd

    When upgrading our accounting software we looked at a variety of packages. ABM offered significant advantages to our practice. We agreed to work with developers to create a time cost module more suited to the needs of professionals who record time and disbursement costs at job level. We were looking for a spreadsheet style application which was easy to use, simple to maintain and allowed each staff member to enter their own timesheets daily. The application comes with a Job Management Viewer, which allows us to review the time charges, disbursement costs, accounts payable and acounts receivable etc. We are very pleased with the result that has been achieved.

    Stainless Design Ltd

    When choosing a manufacturing system, we needed full integration with our accounting system (Advanced Business Manager) and our Bill of Materials to be easily customised to speed our service delivery for our customers. The ABM Manufacturing System was the logical choice for offering us a flexible solution to address these issues. Not only has it significantly simplified our production process, but its ability to quickly forecast materials has given us a real competitive advantage in our industry.

    If you’d like to know exactly how we can customise to suit your needs, click the button below to receive our buyers guide.





    Tags : , , , , , ,

    IT Financial Management: What vs #austin #business #journal

    #business finance

    #

    IT Financial Management: What vs. How

    If you don t know where you are going, then any road will get you there.

    Lewis Carroll, Alice in Wonderland

    Most enterprises understand the benefits that can be derived from increasing IT cost transparency, managing IT like a business, and improving the interaction between IT and business units. Yet, despite the inherent understanding behind these admirable goals, many IT financial management initiatives and implementation projects fail to live up to expectations. They either miss their expected goals, or worse, completely fail.

    Industry analysts have substantiated this claim for years, indicating that on an IT management maturity scale of 1 to 5 (with 5 being highest maturity), the average U.S. large or mid-market enterprise hovers around a dismal 2 on this scale. Clearly, there is a gap between desired goals and operational execution; expectations are not met.

    Applying discipline to the IT financial management what you are implementing and how you and your team are going to implement it. Just as important for everyone on your team is to grasp which one comes first. In other words, an enterprise needs to fully understand the imperative (the what ) versus the means (the how ) to effectively increase maturity in IT financial management processes in order to attain a desired stage of IT maturity.

    So let s start by discussing the difference between the what and the how. Many times enterprises believe that what they are implementing is an IT financial management software application tool. This perception is incorrect and seriously flawed. What they are implementing is a set of IT financial management processes. The software application or tool is how this process will be delivered. Simply stated, the what is the process or set of processes that are being implementing, and the how is merely the tool that will be used to facilitate and support the processes.

    Next, let s discuss the order in which the what and the how need to be addressed. In most aspects of life, a person decides on what they want to do before they determine how they will do it. Stated another way, we define what our goals are, and then we plan how to achieve those goals. Normally, we decide where we want to travel before we decide if we want to take a car, a plane, a train, or simply walk. It is a simple, logical flow. Implementing an ITFM process is simply an aspect of an enterprise s life. It should follow the same logic what before how. The single most important factor in having a successful ITFM implementation is having a thorough understanding of what needs to be implemented before deciding on how to implement it.

    Figure 1 depicts the range of stages of an ITFM maturity model. It is important to understand that a company must fit its goals to the appropriate level of maturity. In other words, a stage 3 level Manage Cost may be desired over a Stage 4 level Competitive Advantage since the incremental efforts and cost to achieve stage 4 may not, for a specific organization, justify the benefits achieved in order to achieve this stage.

    Let s briefly mention some of the considerations that need to go into determining the what :

    Senior leadership must lead an ITFM project. There must be a good understanding of who is sponsoring the project IT, the business units, finance. ITFM maturity is a top-down initiative.

    What are the current ITFM-related processes? Mapping existing processes will help determine gaps and areas for improvement.

    How readily available are current cost and usage drivers?

    How are business and IT performance currently being measured?

    Who will be the winners and the losers with a change of ITFM processes? Can the losers also be turned into winners?

    The answer to these questions will differ by enterprise. That means the what will be different for each enterprise.

    We started this discussion by asking why so many IT financial management projects fail to meet expectations. One primary reason is the lack of a full understanding of the difference between what process or processes are being implemented versus how a change in process will be implemented.

    We have begun the presentation of a course of action and related framework and if followed, the chance of meeting expectations and realizing the business benefits of ITFM will be greatly enhanced.

    In Part 2 of this series of articles, we will describe how you determine the what, which is a rather extensive subject in itself. In Part 3 we will describe the how. Similar to uncovering the what, deciding the how is a detailed process.

    Mike Stiglianese is a managing partner of TMO Partners . where he advises Fortune 500 companies on management of their strategic technology, financial, risk, and shared services initiatives. He is a chief IT risk and financial executive with extensive experience in leading financial and risk management solutions for global organizations. His career includes 25 years in Citigroup s financial control function, where he held a leadership role in identifying, developing and implementing global, cross-business expense reduction efforts and was recognized as a key contributor to capturing $3 billion in savings at Citigroup.

    Lawrence Maisel is president of DecisionVu Group Inc. . a management consultancy specializing in corporate performance management, financial management and IT value management. He has successfully demonstrated abilities to provide leadership in strategy and financial management, and information technology with numerous experiences in financial services, insurance, communications and media, and pharmaceuticals industries. He has developed business strategies, managed and improved business performance, implemented business systems, and designed solutions to increase operating performance and shareholder value. Recently, he co-authored (with Gary Cokins)Predictive Business Analytics Forward-looking Capabilities to Improve Business Performance(2014, John Wiley Sons), and authored IFAC s International Good Practices Guidance on Predictive Business Analytics.





    Tags : , , , ,

    Financial Post #home #businesses

    #financial news today

    #

    ‘2016 will be our best year’: How the geeks took over Montreal’s porn industry
    Corporate consolidation and the Internet’s endless supply of free content.

    Eight-year age difference makes planning tricky, but staggering retirement may lead to more security
    This couple is expecting a ‘skinny retirement,’ but still want to build a.

    Step aside algorithms, meet the tastemakers who curate the major streaming music services
    As their popularity grows, music streaming services are increasingly.

    How to strategically withdraw money from an RESP
    Once your kids actually need the money, how to use the RESP may not be.

    Court dismisses ‘vexatious’ allegations by Resolute Forest Products against Greenpeace
    Resolute is suing the environmental activist organization after it.

    The Artificial intelligence boom is raising questions about ethics and regulations
    Five of the world’s largest tech companies are trying to create a standard.

    Vancouver home sales plunge for second straight month in wake of new foreign-buyer tax
    Greater Vancouver’s record-breaking housing market run appears to be over.

    Federal court rules former CRTC commissioner denied procedural fairness in harassment investigation
    Raj Shoan sought a judicial review over the findings of harassment and.

    How schools and parents can start teaching kids about today’s most taboo topic — money
    It’s something barely discussed at home, let alone at the dinner table. And.

    There is already madness brewing in the oilpatch over Ottawa’s reefer legalization
    Right now, most oil and gas companies pre-screen for alcohol and drug abuse.

    Here are some things you should and shouldn’t have sold in May
    It would have been nice to take the summer off, but there was money to be.

    How National Energy Board efforts to engage with Quebec backfired with claims of improper behaviour
    Claudia Cattaneo: Activists are demanding that two NEB panel members be.

    Facebook Inc users can’t sue as group over advertising data use, U.S. judge rules
    Users accused the social network ‘automatically and surreptitiously’.

    BlackBerry teams with Samsung on ‘spy-proof’ tablet for German government agencies
    The device includes a security card plus encryption and certification.

    ‘Elon could implode’: Musk’s terrible, horrible, no good US$779-million day as risky bets pile up
    Musk has a history of throwing money after grand visions, like weening the.

    Oil snaps four days of declines as Russia backs oil-freeze deal with OPEC
    Russia says it’s ready to take part in informal talks with OPEC later this.

    Here’s what we can expect from Apple’s ‘See you on the 7th’ event next week
    Some industry watchers think the event’s title is a play on words for the.

    Galaxy Note 7 recall poses threat to Samsung suppliers
    The financial impact of the Samsung Galaxy Note 7 recall may be felt most.

    Lithium fantasies vs. bitter realities
    Startup lithium companies now number over 100 in Canada and around the.

    Cara Operations beefs up restaurant presence in Quebec as St-Hubert chicken deal closes
    Cara of Vaughan, Ont. says the ‘historic alliance’ will provide St-Hubert.





    Tags : ,

    The Financial Express – Business News, Industry, Personal Finance, Stock Market News #business #day

    #stock market news today

    #

    The Railways need to evaluate whether it should continue to have 125 hospitals, 600 polyclinics and 100 schools directly under its wing, he said.

    Outgoing RBI Governor Raghuram Rajan today rejected the idea of the government taking a special dividend from the central bank for recapitalisation of public sector lenders, saying there is no free lunch .

    India and Vietnam today called for a reform of the UN and an expansion of the Security Council in both the permanent and non-permanent categories of membership, with enhanced representation from developing countries.

    Country s largest two-wheeler maker Hero MotoCorp plans to launch 15 new products in domestic as well as international markets this fiscal, a top company official said today.

    Find the Jeep pricing absurd? Here s the reason and why it isn t necessarily bad

    New Jaguar sets record as fastest selling car for Tata Jaguar Land Rover

    Stable regulatory framework important for investment in auto sector

    The system, which would utilise the same machine learning technology used in Microsoft s artificial intelligence (AI) assistant Cortana, is designed to have a long lifecycle.

    Samsung announces swap for Galaxy Note 7 with Galaxy S7 variants

    Xiaomi Mi Max: Phablet with long-lasting battery for heavy users

    From UrbanClap to OTJ247, take to tech to slay the chores and really enjoy the festive season

    Odisha Chief Minister Naveen Patnaik today launched the Biju Kanya Ratna Yojana (BKRY) and inaugurated 1,000 anganwadi buildings here as part of the celebration marking birth centenary of legendary Biju Patnaik.

    The extraordinary life of Mother Teresa, who worked relentlessly for the upliftment of the destitute and who will be declared a saint by the Roman Catholic Church, must be brought alive on the silver screen, says India s acclaimed veteran filmmaker Shyam Benegal.





    Tags : , , , , , , , , , ,

    The Financial Express – Business News, Industry, Personal Finance, Stock Market News #on #line

    #stock market news today

    #

    The Railways need to evaluate whether it should continue to have 125 hospitals, 600 polyclinics and 100 schools directly under its wing, he said.

    Outgoing RBI Governor Raghuram Rajan today rejected the idea of the government taking a special dividend from the central bank for recapitalisation of public sector lenders, saying there is no free lunch .

    India and Vietnam today called for a reform of the UN and an expansion of the Security Council in both the permanent and non-permanent categories of membership, with enhanced representation from developing countries.

    Country s largest two-wheeler maker Hero MotoCorp plans to launch 15 new products in domestic as well as international markets this fiscal, a top company official said today.

    Find the Jeep pricing absurd? Here s the reason and why it isn t necessarily bad

    New Jaguar sets record as fastest selling car for Tata Jaguar Land Rover

    Stable regulatory framework important for investment in auto sector

    The system, which would utilise the same machine learning technology used in Microsoft s artificial intelligence (AI) assistant Cortana, is designed to have a long lifecycle.

    Samsung announces swap for Galaxy Note 7 with Galaxy S7 variants

    Xiaomi Mi Max: Phablet with long-lasting battery for heavy users

    From UrbanClap to OTJ247, take to tech to slay the chores and really enjoy the festive season

    Odisha Chief Minister Naveen Patnaik today launched the Biju Kanya Ratna Yojana (BKRY) and inaugurated 1,000 anganwadi buildings here as part of the celebration marking birth centenary of legendary Biju Patnaik.

    The extraordinary life of Mother Teresa, who worked relentlessly for the upliftment of the destitute and who will be declared a saint by the Roman Catholic Church, must be brought alive on the silver screen, says India s acclaimed veteran filmmaker Shyam Benegal.





    Tags : , , , , , , , , , ,

    Investment News for financial advisors in New Zealand #online #business #loans

    #investment news

    #

    Investment News

    Auckland-based fund administrator, MMC, has notched up its second KiwiSaver registry client in the space of a month. MMC, which already provides fund accounting and unit pricing services to a range of KiwiSaver schemes, confirmed the rapidly-growing NZ-owned provider Generate as its second registry client last week. Earlier this month MMC revealed the start-up low-cost KiwiSaver provider, Simplicity, as the inaugural client for its newly-launched registry system. The addition of the $275 million Generate scheme represents “an enormous vote of confidence in MMC and our KiwiSaver registry offering”, according to MMC managing director, [Read More. ]

    Recent New Zealand Investment News

    After almost 35 years of intellectual input to New Zealand’s actuarial and investment consulting industry, Mark Weaver, has called it quits. Weaver, the last remaining founding partner still working in the triple-titled consulting firm Melville Jessup Weaver (MJW), will hand in his final regression analysis at the end next month before embarking [Read More. ]

    It would be up to the police to decide whether KiwiSaver schemes, or other NZ investors, are breaking the law by investing in pooled global equity funds that have exposure to cluster munitions manufacturers, according to Commerce Minister Paul Goldsmith. As well as the Cluster Munitions Prohibition Act 2009, NZ investors could face similar [Read More. ]

    The complete set of managed investment scheme (MIS) managers list should tally to about 70, according to the latest figures supplied by the regulator. A spokesperson for the Financial Markets Authority (FMA) told Investment News NZ that 42 managers have already been granted a MIS licence with a further 18 “in various stages of assessment”. The [Read More. ]

    New Zealand Superannuation Fund has carved out NZ$600 million from its NZ$4.9 billion passive global equities mandate with Northern Trust Asset Management for two new factor-based mandates with the same manager. The NZ$30 billion fund, which is seen as a bellwether among super funds in the region because of its transparency and innovative [Read More. ]

    Almost five months after incumbent, Anthony Quirk, announced his imminent resignation, Milford Asset Management has a new head. In a release last week, Milford confirmed Australian Troy Swann would take over Quirk’s role as at October 31 this year with operations chief, Bryce Marsden, continuing as interim chief executive. Quirk officially [Read More. ]

    Macquarie Investment Management has been slapped with a A$400,000 fine after a New South Wales court ruled it had failed in its duties to monitor the now-defunct van Eyk Blueprint International Shares Fund (VBI). In a decision released last Wednesday, the NSW Supreme Court found Macquarie had breached its duties as a responsible entity (or RE – [Read More. ]

    Here’s an irony. Link Group last month held a ‘virtual AGM’ for its NZ share registry client Xero. Just over 80 per cent of shareholders ‘attended’ online. But Link is not allowed to do the same for its Australian clients, nor itself. Xero, the successful cloud-based accounting systems firm from Wellington, NZ, provided a glimpse into the future [Read More. ]

    Michael Thawley, Australia’s former and highly rated ambassador to the US, has re-joined the funds management industry – and his old firm – taking up the role as senior vice president for Capital Strategy Research at the big equities shop Capital Group. Thawley, who started in the job last week, is based in Los Angeles but will be heavily [Read More. ]

    More Investment News





    Tags : , , , , , , ,