Hugh Hendry, one of Britain’s highest profile hedge fund managers, has told New Zealand institutional investors his 2013 conversion from a bearish to bullish outlook is starting to pay off. Speaking to an Auckland audience via Skype from the UK this week, Hendry said his Eclectica hedge fund, which he founded in 2005, was now up 14 to 15 percent this …

The New Zealand dollar declined against a stronger British pound after upbeat minutes from the Bank of England’s last meeting, stoking expectations the next move in UK interest rates will be higher. The kiwi dropped to 50.92 British pence at 8am in Wellington, from 51.39 pence at 5pm yesterday. The local currency slipped to 76.60 US cents from 76.81 cents yesterday. …

Former Prime Minister Jenny Shipley wants New Zealand firms to take advantage of her appointment to the board of the Boao Forum, which is made up of global political and commercial leaders, to seek business opportunities in Asia. Shipley was appointed to the board last month at the forum, which is focused on setting up the ‘One Belt, One Road’ initiative to …