LOGIC IS A REGISTERED FINANCIAL ADVISER
New regulations in the New Zealand Financial Markets have established industry wide rules and parameters for financial service providers and advisers. We support the new regulation, which is meant to “encourage public confidence in the professionalism and integrity of financial advisers and brokers.” As Registered Financial Advisers we will continue to provide services for... Read More
2010 YEAR REVIEW & 2011 STRATEGY
2010 Fourth Quarter Review and 2011 Strategy 2010 has proved to be an eventful year for Logic Fund Management with the unfolding Credit Sails process, a continued and successful concentration within the New Zealand bond market, and a wealth of new clients joining the Logic program. As we transition into the new year we will continue to focus on the bond market and plan to execute... Read More
LOGIC FUND MANAGEMENT IN NZ HERALD
The following article was printed on 8 December 2010. Please click here to download a PDF of this article. Commerce Commission probe into ‘Credit Sails’ bond sales The Commerce Commission has confirmed it’s investigating the Forsyth Barr managed, NZX listed and Credit Agricole organised “Credit Sails” bonds which raised NZ$91.5 million from the... Read More
VHP UPDATE
VHP Update Leading up to the Vital Healthcare Property Trust (VHP) rights issue, Logic Fund Management issued a flash note recommending stock holders to take advantage of the forced selling on the market in late November. The notes were trading at NZ $1.29 which was more than 20.00% above the rights issue price at $1.05. Now that the trading has settled and the stock price... Read More
VHP RIGHTS ISSUE ANALYSIS
VHP Rights Issue Vital Healthcare Property Trust (VHP) recently released their prospectus for the rights issue to acquire a twelve asset portfolio from Australia’s Essential Health Care Trust (EHCT). VHP is attempting to raise NZ $150.9m through a fully under-written one-for-one rights issue at $1.05 per unit. This capital raising is dependent on unit holder participation... Read More
SCF RECEIVERSHIP STAGE 2: WHERE AND HOW TO INVEST NOW
SCF Receivership Stage 2: Where and how to invest now Click here to download this as a PDF Immediately following the SCF receivership, Logic issued a flash note recommending the bonds in the chart below and as we predicted, the yields have fallen and the price has risen. As the last of the SCF funds are deployed, we have updated our analysis of what is in our opinion, the top... Read More
LOGIC PARTICIPATES IN AUSTRALIAN REAL ESTATE RECAPITALISATION
Logic participates in significant Australian Real Estate recapitalization Please click here to download the complete PDF of this document. Logic was one of the underwriters in the ING Real Estate Entertainment Fund (IEF.AX) recapitalization and purchased stock at $.09 AUD in August, 2010. IEF is an Australian Real Estate Trust concentrated in entertainment clubs, bars... Read More
PERPETUAL INVESTORS CAN BANK ON BASEL III NEWS
Perpetual investors can bank on Basel III news 15 September, 2010 The recent Basel III global capital requirements have created an opportunity to invest in an endangered species of high yielding hybrid debt before it goes extinct. Coupled with the recent Christchurch earthquake and inevitable deployment of South Canterbury Finance funds, we feel that the following bonds may... Read More
COMMERCE COMMISION INVESTIGATES CREDIT SAILS
A Commerce Commission inquiry is under way after tens of millions of dollars were wiped out in a complex financial product marketed to mums and dads as capital protected and AA rated. The product, Credit Sails notes, was sold to investors in 2006 with the prospect of 8.5 per cent interest and a capital guarantee. But after $91.5 million was raised through the offer, the price... Read More
SOUTH CANTERBURY FINANCE INVESTMENT IMPLICATIONS
How to transition your portfolio after the SCF collapse 31 August, 2010 The failure of South Canterbury Finance will have very clear investment implications: 1.) Government bond yields will rise. 2.) Current high yielding NZ Debt Securities will decrease in yield as the $1.7bn worth of SCF funds are redeployed in a matter of weeks. 3.) The NZ Share Market will remain weak. Logic... Read More
