Fisher Funds submitter complained about performance fees

Fisher Funds submitter complained about performance fees
Fisher Funds chief executive Bruce McLachlan says the integration will take 18 months. (Image: Fisher Funds)
Victoria Young
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...

More Finance

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.

Govt eagle-eyed on ComCom interchange fees decision
Finance

Govt eagle-eyed on ComCom interchange fees decision

Open banking depends on sustainable interchange fees, Minister Scott Simpson says.

Pattrick Smellie 11 Apr 2025