When do you know your own moore?
It’s been the usual day in the office for Craig Moore.
The president of the New Zealand S&P 500 index fund, he has been at work for nearly a week.
But the first day of his new role, he is taking the reins of a new company.
His company, Moores New Zealand Ltd, is an independent investment firm.
It has become an instant success, with an annualised return of almost 8 per cent.
Its investments have been so well rewarded that the company has raised more than $1 billion in equity.
Its first investment, in early April, was $5 million from Mitsubishi.
In July, it paid $9 million to buy a $3.6 million stake in BHP Billiton.
The fund has since paid out more than a quarter of a billion dollars.
Moores, who grew up in Auckland, is a New Zealander.
He has spent his adult life in the Pacific and in the mining industry.
In the US, he made a fortune in the oil and gas industry, but he left the world of finance and turned to the world in a new way.
The New Zealand stock market is a rare and precious commodity.
Its value fluctuates.
But when it is rising, the value of the shares is skyrocketing.
Moers shares, which are traded on New Zealand’s biggest exchange, are up more than 80 per cent this year.
And he has built a company that can take advantage of the financial boom.
The company has been growing steadily.
Its average annualised returns have risen by more than 40 per cent a year.
Its investment fund is expected to generate $2.5 billion in revenue next year.
Moerys success in New Zealand is a sign of the changing nature of the world’s financial markets.
Investors have been moving away from riskier assets to riskier investments.
It is also a sign that the financial markets are getting better.
They are better at identifying value.
The markets are more flexible, the demand for riskier securities is increasing, and there is a more relaxed approach to regulation.
It is a great time to be in finance.
But Moers success in the market is also indicative of a change in the way markets are run.
Investors are becoming more conscious of risk.
They may be taking more risks with their money.
The New Zealand markets are still a safe haven for investors.
They still reward risk-averse investors.
The stock market does not bear the same risk as the US market, or even the UK stock market.
But investors are taking greater risks with more capital.
Investors have taken more risks in recent years because of a lack of regulation.
The US has seen a rise in regulations since the financial crisis of 2008.
New Zealand has relaxed regulation, and has relaxed some of its own restrictions.
That is good news for the country’s economy, but it is also bad news for investors in the country.
It may be good for the financial system, but for investors it will lead to higher volatility in the markets.
That is a big problem for the New Zealands stock market, and for the rest of the globe.