Over the last few years, Nikau Foundation has grown considerably. Our funds under management now total more than $32 million, representing an almost 300% increase over the past three and a half years. During this period, we have evolved from a small, self-managed not-for-profit to a medium-sized institutional investor. This growth warranted a reassessment of the way our investments are managed to position ourselves for the future.

In late 2021, we put out a Request for Proposal (RFP) to a wide range of New Zealand-based Fund Managers and received 10 proposals back. Following a review of these RFP's, we have chosen to partner with both Harbour Asset Management and Craigs Investment Partners.

Meet Craigs Investment Partners

Craigs Investment Partners (Craigs) is one of New Zealand's largest investment advisory and management firms, offering investment advice to private, corporate and institutional clients since 1984. With a focus on the long-term, a track record of strong investment returns and emphasis on social and environmental responsibility, Craigs mirrors Nikau's growth aspirations and organisational values.

Nikau Foundation Executive Director, Em Lewis says, "Craigs really impressed us, not only with their sound approach to investment but also the value they place on social responsibility and effecting long-term change for our communities. They really embodied all of the criteria outlined in our RFP."

Melika King and Andrew Cathie, Craigs Investment Partners.

Nikau Foundation's investments will be jointly advised by Melika King and Andrew Cathie, supported by Craigs Specialised Wealth Advisory Team. Having worked for several companies in the finance industry, both locally and internationally, Melika has been with Craigs since 2006. Andrew joined Craigs in 2001 after working in the finance industry in New Zealand and the U.K.

"A long-term, quality focus is at the heart of all Craigs investment advice – all investments are underpinned by extensive research across equities, fixed income and private equity," says Melika.

Responsible Investment Policies

Em says, "Craigs approach places emphasis on putting people first, being stronger together and guided by what's right. This directly aligns with our values, and our partnership will strengthen Nikau’s mission to create stronger and more resilient communities."

These values underpin the processes Craigs employs to ensure all funds are invested responsibly. "Craigs is committed to assisting our clients in supporting and investing in sustainable companies and driving change," says Andrew. To achieve this, Craigs has a market-leading propriety scoring system, which evaluates sustainability across a wide range of listed companies. "This gives our clients a unique opportunity to invest in businesses that demonstrate a commitment to all environmental, social and governance aspects."

A commitment to our local committees

A long-time supporter of Community Foundations of New Zealand, Craigs has a vision to support development in Aotearoa New Zealand's philanthropy sector while enhancing community wellbeing. Andrew says, "most New Zealanders feel a moral duty to give to charity in some way. I have noticed that clients are becoming more open to the idea of leaving a legacy and that there are now avenues for this in perpetuity through community foundations."

Craigs are also proud supporters of Hospice New Zealand, for which they are a national partner, and sponsor many local arts events such as the Auckland Writers Festival and sports teams throughout the country.

To find out more about Craigs Investment Partners, click here.