NZX sells FundSource to Australia's Zenith Investment Partners

Tue, 21 May 2019

By Paul McBeth May 22 (BusinessDesk) - NZX has wrapped up the sale of its FundSource research house to Australia's Zenith Investment Partners for an undisclosed sum. The stock market operator has been restructuring to put a greater emphasis on its core markets business, selling assets it no longer sees as a right fit. The FundSource unit, which supplies analysis to financial advisers and fund managers, was the last of those businesses on the block. NZX today said it's signed a conditional sale and purchase agreement with Zenith, which...

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