Mint Asset Management and newcomer Wedge Management are getting together to launch a new Trans-Tasman fixed income fund.
Wedge founder and Managing Director Dave McLeish it makes to partner with Mint as they are a trusted and highly respected name in New Zealand.
Mint Chief Executive Kirsten Boldarin said the new fund fills a hole in its product suite and that it made sense to draw on the investment skills of the Wedge team rather than recruit its own portfolio managers.
She also said it fits with Mint's strategy, which is implementing in its diversified funds, of moving away from direct securities to a fund of funds approach.
The new fund will be branded to Wedge but will be run under MInt's MIS licence. Boldarin says this will give comfort to institutional investors and consultants as Mint's compliance, infrastructure and systems are well known to them.
The new trans-Tasman fund will mark Wedge’s entry into the broader investment fund market, offering a focus on Australasian high-grade bonds, distinct from the corporate bond funds typically available.
“High-grade fixed income funds in New Zealand generally operate with domestic-only mandates, more out of tradition than investment rationale. A trans-Tasman approach offers investors greater diversification and access to a wider opportunity set.” McLeish said.
The new fund is expected to launch in April 2026 under the Wedge brand on the Mint retail platform.
Wedge, a specialist cash and fixed income manager, launched its first fund in May 2025 – the innovative Savings Fund – offering savers a consistent, transparent set savings rate well above traditional bank levels. McLeish is a former Fisher Funds portfolio manager.
Six months after launch, Wedge has hit $100 million in managed funds and has nearly 2,000 customers.
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