News
0 New Zealanders want drug companies and government to spend more on health research

Most Kiwis want the private sector to fork out more for health and medical research, a new opinion survey has found.

The online survey of 504 adults by Roy Morgan Research found 86 per cent wanted private sector businesses such as pharmaceutical companies to stump up more for health research.

This was slightly more than the 83 per cent who wanted the Government to cough up more.

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0 New regional private equity fund Oriens Capital attracts over $30 million ahead of first close

TAURANGA, 17 August, 2016 — New regionally focused private equity fund Oriens Capital has received commitments in excess of its initial minimum target of $30 million, says Chairman John McDonald. The fund will remain open for additional investment for a short time after its first close on 1 September, and has a maximum fund size of up to $60 million.

The Fund will invest in privately owned businesses in the $10 million-to-$50 million value range. Based in Tauranga, Oriens Capital’s focus on regional companies makes it unique in the New Zealand marketplace.

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0 Banks secure hold on KiwiSaver

The power of KiwiSaver as a driver of fund managers’ fortunes, and the dominance of big banks within it, is made clear in the latest Morningstar market share report.

The report, for the June quarter of this year, shows the scale and flow of the New Zealand managed funds market.

AMP leads the pack with 28.3% of the overall retail market, but that has dropped from 38.7% in June 2013, as its big bank competitors increased their hold on the KiwiSaver landscape. It lost $549.7 million in the June quarter alone.

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0 New Model Proposed for Perpetual Investment Fund

The Council’s Perpetual Investment Fund (PIF) could move to a new management model from March next year.

Following an independent review, council officers are recommending a full outsourced model for managing the PIF, overseen by a guardian entity.

The review, conducted by investment bankers Cameron Partners, followed the successful sale of Tasman Farms. Both the Council and current PIF managers Taranaki Investment Management Limited (TIML) agreed that that the sale represented an appropriate time to review the future management of the PIF.

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0 Outsourcing PIF will reduce ‘proximity risk’ – Judd

OPINION:The Perpetual Investment Fund (PIF) has long been a topic of debate in our community and news that we’re considering a change in how the fund is managed is likely to generate further commentary.

This level of interest is entirely understandable – the PIF is a major community asset that contributes significantly to the wellbeing of our district.

From inception in 2004 the fund has performed well under the guidance of Taranaki Investment Management Ltd (TIML). The results speak for themselves – the fund has delivered almost $190 million in release payments over 12 years, money that we’ve all benefited from as residents of New Plymouth District.

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