Funds inflow underpins Fisher Funds 2015 earnings in year of smaller bonuses

Jonathan Underhill
Tue, 13 Oct 2015

By Jonathan Underhill Oct. 14 (BusinessDesk) - Fisher Funds Management lifted funds under management by 10 percent to $6.6 billion in 2015, helping underpin earnings in a year when investment returns resulted in smaller performance fees. Fee income fell to about $61 million in the year ended March 31, from $63.7 million a year earlier, according to the Auckland-based company's annual report. The management fee component rose about 10 percent to $51 million, while performance fees fell 54 percent to $5.3 percent. Administration and other f...

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