Latest news with #Picton
RNZ News
3 hours ago
- Politics
- RNZ News
Curious, concerned: Picton residents weigh in on SH1 changes
By Kira Carrington , Local Democracy Reporter NZTA staff meet with residents at Picton Library about moving State Highway 1 onto Kent Street. Photo: Local Democracy Reporting/ Kira Carrington In a small room in Picton's library, dozens of people have gathered to discuss the intricacies of truck routes, intersections, school crossings and parking spaces. They pored over stands and wall displays, showing the proposed permanent State Highway 1 route along Kent Street to the ferry terminal, instead of through central Picton. The proposed changes have already caused controversy, with one resident calling them "horrible" , when they were announced on 11 June. NZ Transport Agency Waka Kotahi's pop-up sessions on Tuesday and Wednesday hummed with questions, fresh ideas and a bit of debate, but not from Heather Hopkins, a resident of upper Kent Street, who had popped in to see how the highway would go past her home. She was pretty happy, she said. Picton resident Heather Hopkins says she has no concerns about NZTA's proposed changes. Photo: Local Democracy Reporting/ Kira Carrington "I'm not really affected, I just wanted more information," Hopkins said. "[I have] no concerns at all, it'll be free flowing, once everyone gets used to it." In the evening session, people were most drawn to the board showing where Kent Street met the Wairau Road/SH1 intersection, which would take ferry passengers and freight trucks from the terminals out of town under the new proposal. As part of a realignment of SH1 through Picton, changes have been proposed to the intersection of State Highway 1 and Wairau Road. Photo: NZTA Lara O'Brien, who lived around the corner from Kent Street, said the intersection's new alignment would cut residents off from their own town centre during peak traffic. Drivers on SH1 south of Kent Street wanting to get into central Picton would need to make a right-hand turn onto Wairau Road towards Nelson Square. During peak ferry traffic, they would be stuck in a right-turning lane with no gaps, O'Brien said. "These people [leaving the ferry terminal] get to just go, but people going to town, when do they get to go?" O'Brien said. "You get 60 trucks coming out of the ferry terminal. This is going to be a congestion point for locals coming out of town." Another group lingered around the board showing the relocation of the Picton School crossing on Kent Street. People are particularly drawn to the planned changes for the Wairau Road/Kent Street intersection. Photo: Local Democracy Reporting/ Kira Carrington Many of the attendees were reluctant to speak publicly about their opinions on the divisive subject. The loss of roadside parking and problems with trucks parking along the road were common complaints. A truck driver from Levin, whose cousin was a Picton-based truckie, came along to the evening session. He said NZTA did a similar consultation about a pedestrian overpass in Levin and he was sceptical that feedback would alter the proposal. A Picton resident praised NZTA for moving the crossing outside Picton School back to its original position, saying he didn't know why it was put there a few years ago. "They're just putting it back to where it was, because people don't use it." Graphics supplied by NZTA show the loss of parking on Kent Street under the new proposal. Photo: NZTA NZTA regional manager of system design Robert Osborne said the sessions were a valuable way of sharing information with Picton residents and getting their feedback. "The drop-in sessions were all well attended, with around 30 - 40 people each session and some coming to visit us a couple of times to ask further questions," Osborne said. "We received a great range of questions and comments, which will help us with our detailed design work. "We also understand... that there will likely be a wide range of opinions about them. However, this project is aimed at improving Picton's roads and making it easier for people to get around. "We look forward to continuing to hear from the community about our plans." Design plans would now be finalised and work would start next winter. LDR is local body journalism co-funded by RNZ and NZ On Air.
RNZ News
3 days ago
- RNZ News
Maritime NZ files charges against KiwiRail over Aratere ferry grounding
Photo: Supplied / Renee Horncastle Maritime NZ has filed two health and safety charges against KiwiRail over its grounding of the Interislander ferry Aratere nearly a year ago. On 21 June, 2024, the ship grounded just north of Picton with 47 people on board at the time. A preliminary Transport Investigation Commission report found the event started with an autopilot mistake. Maritime NZ chief executive Kirstie Hewlett said the two charges filed under the Health and Safety at Work Act relate to failures by KiwiRail to keep crew and passengers safe while on-board the ferry. The agency said the charges follow a comprehensive and wide-ranging investigation.
Yahoo
4 days ago
- Business
- Yahoo
Build from the Bear Up: PICTON Ushers in a New Era of Investing amid Rebrand
From Market Symbol to Mindset Shift: Why the Bear Represents the Future of Investing TORONTO, June 16, 2025--(BUSINESS WIRE)--Today marks a bold new chapter for Canadian investing. Picton Mahoney Asset Management, the Toronto-based alternative investment firm with over $13 billion in assets under management, has officially rebranded as PICTON Investments – a striking shift that goes far beyond a name or logo. It's a call to rebuild the investment industry from the Bear Up. This is more than a refreshed look for the brand, but a fundamental repositioning of the firm's identity and a declaration of intent: to challenge the status quo, lead with a risk-first mindset, and rally a new era of investors, advisors, institutions, and portfolio managers to help them see the power of alternative investments in building better portfolios for their clients. Since the firm was co-founded over 20 years ago, PICTON Investments ("PICTON") has partnered with advisors and institutions to offer alternative investments to build portfolios that go beyond traditional approaches – aiming to provide diversified, less correlated return streams that deliver stronger, more stable outcomes for Canadians. Building on the firm's decades of investment expertise in the alternative investment space, one thing that hasn't changed is what's always been at their core: deep investment expertise and an unwavering belief that alternative investments offer Canadians a more resilient path to achieving their goals with greater certainty. "For more than two decades, we've pushed the industry to think differently about portfolio construction," said David Picton, President and CEO of PICTON. "Now we're calling on the entire investment industry to join us. Traditional 60/40 portfolios are failing to do their job. It's time we evolve like other industries around us have, preparing for what markets will continue to look like in the future, which is likely more uncertain." A New Era. A New Symbol. A New Standard. In today's world of stubborn inflation, high interest rates, and tight asset correlations, diversification has never been more critical. With its new rebrand, PICTON is hoping to raise awareness of the importance of moving beyond a traditional portfolio to a fortified 40/30/30 portfolio – 40% equities, 30% fixed income, 30% liquid alternatives – a construction that aims to offer more resilience in all markets, not just bull runs. By embracing the bear and encouraging Canadians to see it as a friend rather than a foe, PICTON aims to change the long-held perception of the bear as a symbol of fear. It now takes center stage as PICTON's brand anchor. Not as a warning, but as a symbol of strength, adaptability, and preparation. "To have a bear mindset is to prioritize preparation over prediction," said Picton. "It's about building portfolios that endure. That's what Canadians need and what advisors deserve from the managers they trust." The Movement Begins: Build from the Bear Up With this rebrand, PICTON signals its commitment to lead a movement. "You'll notice a new logo, a modern identity, and a more direct way of communicating," said Leisha Roche, Chief Marketing Officer at PICTON. "This isn't just a philosophy. It's a movement to reimagine how portfolios are built in Canada for all investors, in any market condition." "The bear is our purpose," added Roche. "We're inviting the industry to join us, to think differently about how they invest. Our message is clear and encouraging. It's time to stop fearing the bear and start building like one." To launch the new brand, PICTON unveiled a 7-foot-tall Resilient Bear statue this morning at The Well in downtown Toronto and will close the market with one of the industry's first AI-created brand mascots – a friendly grizzly bear that embodies resilience, adaptability, and preparation. Shaping the Future, Together PICTON is investing heavily in its people, processes, platforms, and partnerships because Canadians deserve more certainty in uncertain times. With resilience, discipline, and innovation, the firm is shaping a future where more investors can reach their financial goals with confidence. "We're proud of what we've built together, but we're just getting started," said Picton. "We're inviting others to think beyond tradition, challenge convention, and bring more advisors into this movement. It's time to build portfolios – and trust – from the Bear Up." To experience the new brand, full videos and digital banners are available below: Rebrand Sizzle Reel: Brand Ads: Build From the Bear Up (30s): See the Bear Differently (15s): Embrace the Bear Mindset (Zoom 6s): Think Like a Bear (Reverse 6s): Market Close:AI Resilient Bear's Journey to the TMX: Digital Banners: About PICTON InvestmentsPICTON Investments is a Canadian investment firm with over $13 billion in assets under management, recognized for pioneering alternative investment strategies that challenge traditional thinking. Since 2004, we have been helping advisors and investors rethink portfolio construction – moving away from traditional models toward more resilient, diversified solutions. Leveraging deep expertise in quantitative research, fundamental analysis, and authentic hedging strategies, we champion a modern approach designed to deliver more consistent, risk-adjusted returns. Our philosophy is to "Build from the Bear Up," embracing a bear mindset of resiliency, adaptability, and strength to provide Canadians with greater certainty. View source version on Contacts Veronica ChungKaiser & 416-500-4974 Sign in to access your portfolio
Business Wire
4 days ago
- Business
- Business Wire
Build from the Bear Up: PICTON Ushers in a New Era of Investing amid Rebrand
TORONTO--(BUSINESS WIRE)--Today marks a bold new chapter for Canadian investing. Picton Mahoney Asset Management, the Toronto-based alternative investment firm with over $13 billion in assets under management, has officially rebranded as PICTON Investments – a striking shift that goes far beyond a name or logo. It's a call to rebuild the investment industry from the Bear Up. This is more than a refreshed look for the brand, but a fundamental repositioning of the firm's identity and a declaration of intent: to challenge the status quo, lead with a risk-first mindset, and rally a new era of investors, advisors, institutions, and portfolio managers to help them see the power of alternative investments in building better portfolios for their clients. Since the firm was co-founded over 20 years ago, PICTON Investments ('PICTON') has partnered with advisors and institutions to offer alternative investments to build portfolios that go beyond traditional approaches – aiming to provide diversified, less correlated return streams that deliver stronger, more stable outcomes for Canadians. Building on the firm's decades of investment expertise in the alternative investment space, one thing that hasn't changed is what's always been at their core: deep investment expertise and an unwavering belief that alternative investments offer Canadians a more resilient path to achieving their goals with greater certainty. 'For more than two decades, we've pushed the industry to think differently about portfolio construction,' said David Picton, President and CEO of PICTON. 'Now we're calling on the entire investment industry to join us. Traditional 60/40 portfolios are failing to do their job. It's time we evolve like other industries around us have, preparing for what markets will continue to look like in the future, which is likely more uncertain.' A New Era. A New Symbol. A New Standard. In today's world of stubborn inflation, high interest rates, and tight asset correlations, diversification has never been more critical. With its new rebrand, PICTON is hoping to raise awareness of the importance of moving beyond a traditional portfolio to a fortified 40/30/30 portfolio – 40% equities, 30% fixed income, 30% liquid alternatives – a construction that aims to offer more resilience in all markets, not just bull runs. By embracing the bear and encouraging Canadians to see it as a friend rather than a foe, PICTON aims to change the long-held perception of the bear as a symbol of fear. It now takes center stage as PICTON's brand anchor. Not as a warning, but as a symbol of strength, adaptability, and preparation. 'To have a bear mindset is to prioritize preparation over prediction,' said Picton. 'It's about building portfolios that endure. That's what Canadians need and what advisors deserve from the managers they trust.' The Movement Begins: Build from the Bear Up With this rebrand, PICTON signals its commitment to lead a movement. 'You'll notice a new logo, a modern identity, and a more direct way of communicating,' said Leisha Roche, Chief Marketing Officer at PICTON. 'This isn't just a philosophy. It's a movement to reimagine how portfolios are built in Canada for all investors, in any market condition.' 'The bear is our purpose,' added Roche. 'We're inviting the industry to join us, to think differently about how they invest. Our message is clear and encouraging. It's time to stop fearing the bear and start building like one.' To launch the new brand, PICTON unveiled a 7-foot-tall Resilient Bear statue this morning at The Well in downtown Toronto and will close the market with one of the industry's first AI-created brand mascots – a friendly grizzly bear that embodies resilience, adaptability, and preparation. Shaping the Future, Together PICTON is investing heavily in its people, processes, platforms, and partnerships because Canadians deserve more certainty in uncertain times. With resilience, discipline, and innovation, the firm is shaping a future where more investors can reach their financial goals with confidence. 'We're proud of what we've built together, but we're just getting started,' said Picton. 'We're inviting others to think beyond tradition, challenge convention, and bring more advisors into this movement. It's time to build portfolios – and trust – from the Bear Up.' To experience the new brand, full videos and digital banners are available below: Rebrand Sizzle Reel: Brand Ads: Build From the Bear Up (30s): See the Bear Differently (15s): Embrace the Bear Mindset (Zoom 6s): Think Like a Bear (Reverse 6s): Market Close: AI Resilient Bear's Journey to the TMX: About PICTON Investments PICTON Investments is a Canadian investment firm with over $13 billion in assets under management, recognized for pioneering alternative investment strategies that challenge traditional thinking. Since 2004, we have been helping advisors and investors rethink portfolio construction – moving away from traditional models toward more resilient, diversified solutions. Leveraging deep expertise in quantitative research, fundamental analysis, and authentic hedging strategies, we champion a modern approach designed to deliver more consistent, risk-adjusted returns. Our philosophy is to 'Build from the Bear Up,' embracing a bear mindset of resiliency, adaptability, and strength to provide Canadians with greater certainty.
Scoop
13-06-2025
- Politics
- Scoop
‘Quiet Street' To Become Permanent SH1 Through Picton
Article – Kira Carrington – Local Democracy Reporter A resident who describes the decision as 'pretty horrible' is concerned about a nearby school. By , Local Democracy reporter Picton's Kent St is to become the new State Highway 1, to the surprise of some of its residents. New Zealand Transport Agency / Waka Kotahi has announced that Kent St, which has been a 'de facto state highway' during ferry terminal works since 2023, will officially become SH1, with some improvements to suit. The route bypasses the Nelson Square roundabout and central Picton, taking a more direct route towards the ferry terminal. Kent St resident Pam Wharehoka, who has lived on the street since 1982, said it 'used to be a quiet street'. 'Hardly anyone came down [here], kids used to ride their bikes down here. [That] can't happen any more.' When the terminal works started and all the trucks started coming down the street, the children welcomed it, she said. 'The kids used to stand out there and [wave], and the drivers would give them a toot.' The Interislander ferry terminal moved to Lagoon Rd in 2023, as part of wider works for the now-canned iReX ferry project to accommodate new, larger ferries. NZTA regional manager of system design Richard Osborne said that ever since, all traffic accessing the ferry terminals had been going down Kent St. 'Kent St has been acting as the de facto state highway. This is one of the key aspects the Picton Road Network Improvements Project wants to address,' Osborne said. He said NZTA was obliged to send a Notice of Requirement to the Marlborough District Council to commandeer the council-owned road. The road would be maintained by Marlborough Roads, which was responsible for both council-owned roads and NZTA state highways. Kent St resident Sue Letchford said the announcement was a long time coming. 'Well, it's been coming for years, but it's still pretty horrible,' Letchford said. She was worried about the safety of students from Picton School, which backed onto Kent St. NZTA said it would work with the Marlborough District Council to install a variable speed limit by the school, with a lower speed limit in place during peak school time. Picton School declined to comment on the changes. Letchford said she was pleased that the roads would be upgraded to support the increase in traffic. 'Kent St is all right, but Oxford St gets ripped out … constantly.' Kent St residents had previously complained that the increase in trucks was noisy and 'smashing up' the road, which required 'major reconstruction'. Kent St resident Linda Andrell said the sounds of the trucks were just white noise to her. 'I've been here a few years now so I don't even [hear it]. Maybe at about 10 o'clock at night you might notice it.' Dean Humphrey said the news was 'good and bad'. 'We're talking about the [street] parking here … We're going to be up at the library and have a talk to them about it,' Humphrey said, referring to drop-in sessions planned for next week. The sessions will be held at Picton Library and Service Centre Waitohi Whare Mātauranga on 17-18 June. Work on the planned upgrades will start mid-next year.
