CORRECT: Brian Gaynor steps back at Milford, citing lack of growth opportunity in NZ stocks

Thu, 16 Feb 2017

(Fixes reference in second paragraph to funds Gaynor managed) By Sophie Boot Feb. 16 (BusinessDesk) - Milford Asset Management's principal Brian Gaynor is taking a step back from the fund manager's investment operations, handing over portfolio management to people with the international experience he says is needed due to the lack of investment opportunity in New Zealand. From April 1, Gaynor will relinquish his role as portfolio manager of the active growth funds, he told investors in an email today. Gaynor will continue as Milford's...

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