Devon Funds Management
Fund Manager based in Auckland, New Zealand
About Devon Funds Management
Devon Funds Management is an award-winning New Zealand fund manager established in 2010 after acquiring Goldman Sachs JBWere NZ's asset management business. Managing over $2.5 billion for community trusts, iwi, charities, KiwiSaver schemes and individual investors, Devon offers wholesale funds for investors with $10 million or more. Known for active management and ESG leadership, Devon has been named a Responsible Investment Leader by RIAA.
Location
Auckland, New Zealand
Funds Managed (9)
Devon Trans-Tasman Fund (Wholesale)
Award-winning fund investing across NZ and Australian equities. Fund Manager of the Year: Domestic Equities 2024. Wholesale version for investors with $10M+.
Devon Alpha Fund (Wholesale)
Active long/short Australasian equities fund seeking absolute returns. Wholesale version for investors with $10M+.
Devon Sustainability Fund (Wholesale)
ESG-focused Australasian equities fund. Devon is a RIAA Responsible Investment Leader. Wholesale version for investors with $10M+.
Devon Diversified Income Fund (Wholesale)
Multi-asset income fund across equities, credit, and other income-generating securities. Wholesale version for investors with $10M+.
Devon Global Impact Bond Fund (Wholesale)
Fixed income fund investing in bonds with positive environmental and social impact. Wholesale version for investors with $10M+.
Devon Australian Fund (Wholesale)
Concentrated portfolio of quality Australian equities with strong cash flows and growth prospects. Wholesale version for investors with $10M+.
Devon Dividend Yield Fund (Wholesale)
Income-focused fund targeting quality dividend-paying Australasian companies. Wholesale version for investors with $10M+.
Devon Global Sustainability Fund (Wholesale)
Global equities fund with ESG focus. Devon is a RIAA Responsible Investment Leader. Wholesale version for investors with $10M+.
Artesian Green & Sustainable Bond Fund (Wholesale)
NZD-denominated green and sustainable bond fund. Wholesale version for investors with $10M+.
Investment Opportunities
No Current Opportunities
Devon Funds Management doesn't have any active investment opportunities at the moment. Check back later or contact them directly.
Visit WebsiteKey People (5)
Paul Glass
Executive Chairman
executive
Founder of Devon Funds with over 30 years in investment management. Established Devon after acquiring Goldman Sachs JBW Asset Management (NZ) in 2010. Previously Portfolio Manager at Brook Asset Management, Bankers Trust NZ, and Lombard Odier in London. Known advocate for corporate governance and shareholder interests.
Slade Robertson
Managing Director / Portfolio Manager
executive
Over 25 years industry experience. Oversees Alpha and Australian funds and contributes to Trans-Tasman and Sustainability strategies. Previously at Brook Funds Management, BT Investment Management NZ, and Challenger International.
Mark Brown
Chief Investment Officer
executive
Over 25 years experience managing New Zealand Equity and Core Strategies. Oversees research and investment processes at Devon. Former Australasian Head of Equities at ANZ New Zealand Investments.
Tama Willis
Portfolio Manager
investment
Over 20 years experience leading the Trans-Tasman Fund. Covers commodities, financials, materials and staples sectors. Previous roles at Government of Singapore Investment Corporation, Fidelity London, and Deutsche Bank London.
Ben Jenkin
Portfolio Manager - Sustainability
investment
Leads the Sustainability Fund and covers telco, media, technology, and industrial sectors. CFA charterholder and University of Otago graduate. Previously at KPMG Deal Advisory.
Frequently Asked Questions
How do I verify a provider is legitimate and trustworthy?
Conduct thorough due diligence before investing with any provider: (1) Check FMA Register - Verify the provider is licensed or registered with the Financial Markets Authority (www.fma.govt.nz/compliance/entities), (2) Review track record - Research past fund performance, years in operation, total funds under management, (3) Check key personnel - Research investment team backgrounds, LinkedIn profiles, previous roles and experience, (4) Request references - Ask to speak with existing investors or portfolio companies, (5) Review documentation - Read Information Memoranda, trust deeds, audited financial statements thoroughly, (6) Understand fee structures - Ensure fees are clear, reasonable, and aligned with industry norms, (7) Check for red flags - Promises of guaranteed returns, pressure to invest quickly, unlicensed operators, lack of transparency. All providers on Wholesale Investor NZ are pre-screened for legitimacy, but always conduct your own due diligence.
What questions should I ask a fund manager before investing?
Ask fund managers these critical questions: Investment Strategy - What is your investment thesis? How do you source deals? What's your competitive advantage? Track Record - What returns have you achieved historically (gross and net)? What percentage of investments succeeded vs failed? Can I speak with investors in prior funds? Team - Who makes investment decisions? What's their background? Have there been recent departures? How is the team compensated? Risk Management - What was your worst investment and what did you learn? How do you handle conflicts of interest? What's your downside protection? Fees - Explain management fees, performance fees, and all other costs? What's the hurdle rate? Process - What's the investment committee process? How often do you report? What voting rights do I have? Exit - What's the expected timeline to liquidity? Have you returned capital to investors before? Get answers in writing and verify claims independently.
What is the difference between a fund manager and a platform?
Fund Managers directly manage pooled investment capital, making investment decisions, conducting due diligence, managing portfolio companies/assets, charging management and performance fees, and carrying fiduciary duty to investors. Examples include private equity firms, credit fund managers, property developers. Platforms provide infrastructure for accessing multiple investment opportunities, do not make direct investment decisions (investors choose from offerings), may conduct initial due diligence on providers, charge platform fees or take commissions from providers, and offer comparison and research tools. Examples include investment platforms, crowdfunding sites, syndication platforms. Some hybrid models exist - platforms with house funds. When investing via platforms, you still need to evaluate the underlying fund manager's capabilities, track record, and terms as if investing directly.