Fisher Funds submitter complained about performance fees

Fisher Funds chief executive Bruce McLachlan says the integration will take 18 months. (Image: Fisher Funds)

Thu, 27 Apr 2023

The Overseas Investment Office considered an unsolicited objection to the sale of Kiwi Wealth to Fisher Funds, records obtained under the Official Information Act show. Fisher Funds’ deal to purchase state-owned Kiwi Wealth was finalised on Dec 1 last year. As well as an anonymous submission regarding performance fees and job cuts, the regulator also considered responses from the Department of the Prime Minister and Cabinet, the Financial Markets Authority (FMA), the Ministry of Business, Innovation & Employment (MBIE) and...

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