Funds make hay but fee-fall tipped to uproot global market

Funds make hay but fee-fall tipped to uproot global market
Milford booked almost $163 million in fees for the year including $68.2m in performance fees. (Image: Deposit Photos)
David Chaplin
New Zealand fund managers have reaped a bumper harvest during the latest 12-month accounting period.All of the local boutique fund managers that have filed annual accounts to date – including Devon, Mint, Harbour and Milford – report stellar revenue growth and booming profits.Powerhouse player Milford, which has built up an astonishing $14 billion under management over its 14-year history in the fund game, had its fee revenue jump by about 70% over the 12 months to March 31.Milford booked almost $163 million in fees for the year inc...

More Finance

PEP seeking payday from UP Education
Finance

PEP seeking payday from UP Education

UP Education is a NZ success story in Australia.

Pattrick Smellie 23 Apr 2025
FNZ extends controversial catch-up offer
Finance

FNZ extends controversial catch-up offer

Fintech FNZ has extended its deadline for “catch-up” equity offers, as employee shareholders say discontent grows.In March, the global fintech offered its class B shareholders a “catch-up” offer after it revealed their holdings could be massively diluted following its August capi...

Victoria Young 16 Apr 2025
The cost of over-regulated banking: $10b to $14.4b a year
Finance

The cost of over-regulated banking: $10b to $14.4b a year

Critics claim a huge annual cost from 30 years of regulatory creep.

Pattrick Smellie 16 Apr 2025
Blackbull backs Eden Bradfield into Elevation funds
Finance

Blackbull backs Eden Bradfield into Elevation funds

The Christopher Swasbrook-established fund gets new investors and portfolio manager.