Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Arcus appoints Milford to manage New Zealand share

Arcus appoints Milford to manage New Zealand shares

Arcus Investment Management has just announced the appointment of Milford Asset Management Limited to manage a portfolio of New Zealand shares.

Arcus Chief Investment Officer, Mark Brighouse says this decision is a result of their belief in the importance of in-depth research in selecting New Zealand equities, given the challenges now facing many New Zealand companies. The portfolio will be a concentrated selection of the best local equity investments that Milford identifies.

"We need to utilise the best investment ideas from a wide range of sources. Arcus’ clients, some of the largest financial planning networks in New Zealand, are strong believers in the active management of investment portfolios and will have access to the Milford process when building portfolios,” says Mark Brighouse.

Milford Asset Management is a boutique New Zealand equity management firm that began operations in December 2003 and currently managers over $150m on behalf of its clients.

Arcus manages money on behalf of clients of Spicers Portfolio Management, New Zealand Financial Planning, and AXA Wealth Management.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>



Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news