Morrison & Co takes smaller fee as Infratil sees more growth

One NZ is Infratil's biggest earnings driver. (Image: One NZ)

Mon, 22 May 2023

HRL Morrison & Co will take a smaller fee for managing Infratil as the listed infrastructure investor continues to stake out strong growth from a portfolio including data centres, telecommunications and renewable energy. The investment bank founded by the late Lloyd Morrison established Infratil in the 1990s and it has delivered an annual return of 18.6% since it was set up 29 years ago. Infratil’s fortunes are closely tied with its manager, but the incentive fee has become a bone of contention in recent years as rapid valua...

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Property

Developer Kurt Gibbons buys Ryman’s Newtown site

The land was formerly the site of Wellington's Tip Top bread factory.

Gregor Thompson 10:30am

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QuiznessDesk: Thursday, Oct 31

One Night in Bangkok was a hit song from what musical?By inserting an extra letter, what word meaning a small group of trees can be changed to one meaning a dead body?State Highway 2 between Gisborne and Opotiki passes through what gorge?What was the nickname of a 1940s Hollywood...

The Quizmaster 9:15am