Private Trading vs Public Funds

Different structures, different rules

Public funds and managed investment schemes in New Zealand are typically regulated products with disclosure documents, licensed managers, and investor protections under the Financial Markets Conduct Act. GPT is none of these. We are a private collective for trusted connections, not registered with the FMA, and we do not offer a pooled fund product.

You retain control of your capital

In a managed fund, a professional manager invests pooled money according to a mandate. In GPT, each member holds their own brokerage account and decides whether to follow the weekly Capsule. We share research and maintain operational rhythm; we do not take custody of member assets.

• No unit pricing or fund manager discretion over your account
• Membership and performance fees are for access and administration
• You can adjust participation week by week

No advice relationship

Licensed advisers and fund managers operate under conduct and competency standards GPT does not claim to meet. Nothing in our collective should be interpreted as a recommendation suitable for your personal circumstances. If you need regulated guidance, engage a licensed financial adviser.

Why some people prefer a private model

Members who know one another sometimes value shared learning, transparency within a closed group, and a short-term tactical rhythm that differs from long-only fund investing. That preference comes with fewer regulatory protections and full personal responsibility for outcomes — trade-offs each person must weigh independently.