Booster Innovation Fund takes a hit

Booster has investments in innovations from Otago and Victoria universities (Image: NZME)

Tue, 26 Nov 2024

KiwiSaver provider Booster has written down the value of its Booster Innovation Fund by $664,000 following a decision by one of the 44 businesses in the fund that it will be placed in liquidation.The firm cannot yet be named.The fund is a small part of the total Booster KiwiSaver investment portfolio and invests in a variety of early-stage health, information, material, and clean technologies being spun out by New Zealand universities and research institutions. The writedown represents some 3.25% of the value of the fund.Booster is on...

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