What Castle Point Funds Management does

Castle Point Funds Management is a New Zealand-based boutique investment fund manager trading through PG Funds Limited. The company operates three managed investment funds aimed at individual investors in New Zealand and Australia: the Ranger Fund (NZ/Australian equities targeting outperformance of the NZ Official Cash Rate by 5% per annum, established 24 January 2014), the Trans-Tasman Fund (NZ/Australian listed equities benchmarked to the S&P/NZX 50 Index, established 20 November 2018, with 10.11% annualised returns since inception as at 30 June 2026), and the 5 Oceans Fund (a globally diversified moderate-growth multi-asset fund). The firm is registered as a managed investment scheme and Portfolio Investment Entity under New Zealand law, supervised by Public Trust, with PwC New Zealand as auditor and Apex Investment Administration providing administration and custody.

The business model is fee-based: management fees of 1.05% per annum plus GST on Ranger and Trans-Tasman, performance fees of 15% above OCR+5% on Ranger (with perpetual high water mark), 0.30% buy/sell spreads, and minimum initial investments of NZD $10,000 for Trans-Tasman. Distribution is primarily direct-to-consumer through the firm's website, an online investment application platform, client login portal, and direct phone/email contact. Castle Point is a signatory to the United Nations Principles for Responsible Investment (UNPRI) and the Aotearoa New Zealand Stewardship Code, and pursues a long-term fundamental value investing approach with active ownership of investee companies.

The firm is headquartered in Auckland at Perpetual Guardian Tower, Level 23, 191 Queen Street, sharing premises with related Perpetual Guardian Group entities (New Zealand Trustee Services, Perpetual Guardian Investments, Perpetual Trust). It has 1-10 employees and has received boutique fund management industry recognition including the 2019 Zenith FundSource Awards (Boutique Fund Manager of the Year and Australasian Equities) and the 2020 Good Returns Alternatives Fund of the Year for the Ranger Fund. No AUM, revenue, or headcount figures are publicly disclosed in the source material.

Name

Castle Point Funds Management

Legal name

PG Funds Limited

Website

https://castlepointfunds.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

1–10 employees

Short description

Castle Point Funds Management is a New Zealand-based boutique fund manager offering three managed investment funds (5 Oceans, Ranger, Trans-Tasman) to individual retail and wholesale investors in New Zealand and Australia, operating on management and performance fees under NZ PIE regulation.

Ownership category

akta.pro rank

Product category

Investment Fund Management

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282)

akta.pro primary industry

Target-Risk / Risk-Managed Allocation Funds (FSAAAEAG)

Keywords

• Fund management
• Investment funds
• Asset management
• Portfolio management
• Wealth management

Headquarters

HQ city

Auckland

HQ country

New Zealand

HQ region

Oceania

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Management Fees: Management fees charged as percentage of assets under management across all three funds (5 Oceans Fund, Ranger Fund, Trans-Tasman Fund). The Trans-Tasman Fund charges 1.05% per annum plus GST.
2. Performance Fees: Performance-based fees for the Ranger Fund: 15% of any return above NZ Official Cash Rate + 5% per annum (after all fees but before tax) with a perpetual high water mark.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Castle Point Funds Management operates as a boutique New Zealand-based fund manager offering three managed investment funds: the 5 Oceans Fund (globally diversified, moderate growth), the Ranger Fund (NZ and Australian equities with long-term capital growth focus), and the Trans-Tasman Fund (NZ and Australian listed companies benchmarked to the S&P/NZX 50 Index). The company provides professional portfolio management, asset allocation, derivatives, and risk management services to investors in New Zealand and Australia under a Portfolio Investment Entity (PIE) structure.

Product overview

Castle Point Funds Management is an investment fund manager offering three distinct investment funds: the 5 Oceans Fund (a globally diversified moderate-growth fund), the Ranger Fund (a NZ/Australian equities-focused fund targeting long-term capital growth), and the Trans-Tasman Fund (a NZ/Australian listed companies fund benchmarked to the S&P/NZX 50 Index). The company operates as a Portfolio Investment Entity (PIE) regulated under New Zealand law, with PG Funds Limited as the issuer and manager of the Castle Point Funds Scheme.

Differentiator

Problem solved

Functional benefit

Brands

• 5 Oceans Fund: A globally diversified fund providing moderate exposure to growth assets with risk mitigation tools.
• Ranger Fund
• Trans-Tasman Fund

Products and services

• 5 Oceans Fund A globally diversified fund providing moderate exposure to growth assets, investing in directly owned assets, other Castle Point funds, and selected third-party funds, with the objective of outperforming the NZ Official Cash Rate by +3% over the medium term (after fees but before tax). Targeted at investors seeking diversified growth exposure.
• Ranger Fund A fund that invests in a broad range of New Zealand and Australian assets including equities, cash, debt instruments, derivatives, and other assets, with a focus on shares and long-term capital growth, targeting to outperform the NZ Official Cash Rate by 5% per annum over the long-term (after all fees but before tax). For investors seeking long-term capital growth from NZ and Australian equities.
• Trans-Tasman Fund A fund that invests in New Zealand and Australian listed companies and is benchmarked to the S&P/NZX 50 Index (including imputation credits), with the performance objective to outperform the benchmark over rolling five-year periods after all fees (and other expenses) but before tax. For investors seeking exposure to NZ and Australian listed equities.

Quantifiable outcome

• Trans-Tasman Fund: 10.11% annualised returns since inception (as at 30 June 2026)
• +2 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered core and minor.

• New Zealand Trustee Services LimitedcoreOthersRelated company within the Perpetual Guardian Group located at Level 23, 191 Queen Street, Auckland. Shared data and client information as part of the corporate group structure.
• Perpetual Guardian Investments LimitedcoreOthersRelated company within the Perpetual Guardian Group located at Level 23, 191 Queen Street, Auckland. Part of the broader Perpetual Guardian corporate structure.
• Perpetual Trust LimitedcoreOthersRelated company within the Perpetual Guardian Group located at Level 23, 191 Queen Street, Auckland. Forms part of the Perpetual Guardian group of companies.
• New Zealand Guardian Trust LimitedminorOthersPartner located at Level 6, 191 Queen Street, Auckland. May be involved in trustee or trust services as part of operational activities.
• Apex Investment Administration (NZ) LimitedcoreTechnology or IntegrationAdministrator and Custodian of Castle Point Funds. Located at Level 25, 125 Queen Street, Auckland, 1010. Provides fund administration and custody services for the investment funds.
• Verifi Identity Services LimitedcoreTechnology or IntegrationElectronic identity verification provider located at Level 2, 22 Queen Street, Auckland CBD. Used for Anti-Money Laundering and Counter Financing of Terrorism compliance identity verification purposes, including biometric processing.
• Public TrustcoreOthersSupervisor of the Castle Point Funds Scheme. Provides independent oversight and supervision of the managed investment scheme as required under NZ law.
• PwC New ZealandcoreOthersAuditor of Castle Point Funds. Provides independent audit services for the fund financial statements and regulatory compliance.

Scale indicators3 records

Recent moves4 records

Expansion highlights3 records

Direct peers

• Fisher Funds Management: New Zealand's largest boutique fund manager offering KiwiSaver, retail, and wholesale managed funds across NZ and global equities. Direct competitor to Castle Point in the NZ boutique equities space, with substantially larger AUM and broader KiwiSaver distribution.
• Mint Asset Management: NZ boutique manager with NZ/AU and global equity strategies. Direct competitor on product set, target audience, and boutique active-management positioning within the NZ retail/wholesale market.
• Devon Funds Management: NZ boutique manager focused on NZ and Australian equities with a value-tilted investment approach. Directly comparable to Castle Point's Ranger and Trans-Tasman Funds on strategy and target investor segment.
• Milford Asset Management: Major NZ boutique fund manager offering actively managed funds across NZ/AU equities, global assets, and fixed income. Closest direct competitor to Castle Point on product architecture, active-value philosophy, and NZ retail/wholesale distribution.
• Booster Investment Management: NZ investment manager with a strong KiwiSaver and retail managed-fund presence, including multi-asset and equity strategies. Comparable on NZ retail/wholesale managed-fund offering and KiwiSaver distribution model.
• Salt Funds Management: NZ boutique offering actively managed equity and diversified funds to retail and wholesale investors. Comparable to Castle Point in fund count, NZ boutique positioning, and direct-to-investor distribution model.
• Pie Funds Management: NZ boutique offering funds-of-funds and direct equity strategies across NZ/AU and global markets. Comparable on product breadth (including fund-of-funds 5 Oceans analogue) and active-management value orientation.

Broad incumbents

• Perpetual Limited: Major Australian wealth and asset manager with equities, multi-asset, and responsible-investing capabilities. Relevant incumbent comparable given Castle Point's corporate affiliation with the Perpetual Guardian Group in NZ.
• Magellan Asset Management: Australian-based global equities manager serving institutional and retail investors. Comparable on active global-equity value approach (5 Oceans Fund analogue) and trans-Tasman investment DNA, but at materially greater scale.

Others

• Smartshares (NZX-owned): NZ's largest passive ETF provider offering S&P/NZX 50 and Australasian equity ETFs. Competes with Castle Point's Trans-Tasman and Ranger Funds on a low-cost basis; represents the structural passive-shift threat to active NZ boutique managers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Castle Point Funds Management