Phil Macalister

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Funds management

12 December 2001

Quality of hedge fund managers declines

Not all hedge fund managers are created equal, and investors need to be cautious about who they give their money to, according to GAM Multi Manager chief investment direc...

Funds management

5 December 2001

Thieves target funds management house

Burglars have broken into the offices of one of New Zealand's more successful and most secretive fund managers, and stolen sensitive material about its 27,000 clients and...

Financial planning

22 November 2001

Sovereign cans $1 million giveaway

Sovereign has backtracked on its plans to give one of its advisers $1 million next year as a reward for writing business. The turnaround comes as the Commonwealth Bank's ...

Superannuation

22 November 2001

Govt promotes its own super fund

The New Zealand Government has decided to use $1 million of taxpayers' money to promote its multi-billion super fund....

Financial planning

19 November 2001

Commonwealth offers $1m prize for advisers

Commonwealth Bank's New Zealand subsidiary, Sovereign, is offering to make one adviser a millionaire next year...

Financial planning

8 November 2001

Harts saga ends in New Zealand with sale

Harts’ financial planning ambitions in New Zealand have been ended with the announcement that its business, which has already been put into the hands of a receiver has be...

Policy & Regulation

8 November 2001

Tax review to target savings vehicles

The Tax Review panel appointed to assess whether the New Zealand tax system meets today's needs, and chaired by Rob McLeod, released its final report last week....

Financial planning

24 October 2001

Stalwarts heading back to court

Although former Reeves Moses Hudig bosses Roger Moses and Gary Stevens have been cleared of securities-related charges, their battle is not yet over....

Financial planning

24 October 2001

NZ managers seeking new channels

Fund managers in New Zealand are busily sniffing around financial planning firms looking to buy distribution for their products with AXA leading the moves, openly walking...

Financial planning

24 October 2001

JP Morgan sells margin lending business

Sharebroking firm Forsyth Barr is moving into the margin lending business after acquiring the firm Leveraged Equities from JP Morgan for an undisclosed amount....