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

Funds inflow underpins Fisher Funds 2015 earnings in year of smaller bonuses
Jonathan Underhill
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...