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.

ENDS

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