Questions over NZ govt proposal to fund foreign venture capital managers

Questions over NZ govt proposal to fund foreign venture capital managers
Jenny Ruth
Another of New Zealand's home-grown venture capitalists is questioning why the New Zealand government is proposing to provide funding to foreign managers."With no disrespect to the managers currently exploring setting up in New Zealand, over the last 20 years we've seen a number of offshore funds fly in, stay for a while, grab the best deals and then up sticks and head off somewhere else when they get bored or there is an economic downturn," says Movac managing partner Phil McCaw.In a submission to the Ministry of Business, Innovation and Emplo...

More Finance

IRD issues warning to crypto holders ahead of audits
Finance

IRD issues warning to crypto holders ahead of audits

The IRD has identified 227,000 crypto-asset users in NZ and contacted those at risk.

Staff reporters 04 Jul 2024
$1.65b project to simplify switching banks a 'flop'
Finance

$1.65b project to simplify switching banks a 'flop'

Open banking has hindered competition rather than helping it, says lobby.

AAP 04 Jul 2024
MTF to investigate bullying claims
Finance Exclusive

MTF to investigate bullying claims

Chief executive Chris Lamers said he takes the claims 'very seriously'.

Murray Jones 04 Jul 2024
Payments NZ could play key role in open banking standards
Finance

Payments NZ could play key role in open banking standards

A draft decision proposes an 18-month approval, rather than the five years requested.

Ben Moore 01 Jul 2024