Aurora KiwiSaver targets private assets that support business growth
Aurora Capital, which has allocated 3% to private corporate debt for its KiwiSaver conservative and growth funds, is also interested in investing in startup companies.
Sean Henaghan, chief investment officer with Christchurch-based Aurora, says a new mandate with Queenstown-based private credit manager Private Capital Group (PCG) is just the first cab off the rank when it comes to private asset allocation.
The $260 million Aurora KiwiSaver scheme could ultimately have a private asset weighting as high as 7-8% although corporate debt would make up no more...MORE»
QuayStreet and Generate prominent in Morningstar’s latest KiwiSaver resultsWednesday, May 8th, 5:59AM
KiwiSaver assets increased, owing significantly to market movements, to end the March quarter at $108.6 billion, up $4 billion from the end of last year. MORE» |
Nikko relaunches its KiwiSaver propositionTuesday, May 7th, 10:00AM
Nikko has relaunched its GoalsGetter KiwiSaver proposition adding other managers’ funds and making improvements for advisers. MORE» |
Best and worst KiwiSavers according to Consumer
Kiwi-owned providers have come out on top of Consumer’s annual KiwiSaver satisfaction survey.
MORE»Gender pay gap and not contribution rates disadvantage women on KiwiSaver
Research by Auckland University of Technology for the Retirement Commission points to the gender pay gap as the main cause for women contributing less.
MORE»Bayly will talk to coalition partners before any change to KiwiSaver
Minister of Commerce and Consumer Affairs Andrew Bayly says he wants to focus on capital markets and KiwiSaver providers have a part to play.
MORE»Simplicity takes stake in tax tech company
Simplicity’s latest private equity investment is an 18.8% share in the parent company of two tax technology companies, Tax Traders and its startup business Taxi.
MORE»Kiwis, depending on their age group, generally want compulsory KiwiSaver
Most Kiwis, bar Millennials, think regular KiwiSaver contributions should be compulsory, a survey has found.
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