Huljich Wealth Management
What is the problem with Huljich Kiwisaver ... an upper quartile fund is boosted by an ex-gracia payment covering off mistakes ... Wow! I wish all my funds managers were as honorable as this.
Gareth Morgan and that woman from the Albatross fund (or something like that) ... leading the chorus of disapproval. Apparently their funds rank at the bottom quartile of fund performance. Maybe they are upset about being pressured to pay some of the losses back.
Why does this go on and on? It is not as if there are no issues that need serious investigation - elsewhere.
Huljich has resigned ... his fund is offering to transfer the money to a default fund. End of story, I would have thought.
For example, why not investigate:
The NZX backtracks in an arbitrary way over the ALF inclusion in the NZX50 ... no further questions are asked?!? The bigger question of NZX role as market regulator (and some of the dubious decisions and lack of coherence, by the NZX in capacity as regulator) are ignored.
SCF and the continuing litany of spin. Illusion and reality at Richina. Deceit at Babcock & Brown ... fear and loathing at Trans Tasman properties ... I could go on and on ... no journalistic interest, no regulatory response, nothing ...
Also, why cannot Bernard Hickey just get over the fact that he does not understand the property market and the financial instruments that support it. There was the major collapse (over 30% - forecast by Bernard) that never happened in property prices and now he is on the affordability bandwagon ... the man only has 2 ideas and they are both wrong. I cringe as I see any deep insight into the situation strangled by his statistics. Bernard thinks by torturing statistics - he can get them to admit to any financial crime.