Ngāpuhi settlement fund to accelerate investments

Ngāpuhi settlement fund to accelerate investments
Waitangi Day is just around the corner. (Image: Getty)
Paul McBeth
The investment fund set up to help prepay the eventual Treaty of Waitangi settlement with Ngāpuhi, Tupu Tonu, has committed almost a third of its $150 million as it approaches its second anniversary. Tupu Tonu generated a return of 5.5% on the $19m it had invested as at June 30 last year, kicking off its portfolio with the Meridian commercial building in Kerikeri, kiwifruit orchards in Maungatapare and Waipapa and its full entitlement of Zespri shares. Since then, the fund has bought a 300-hectare forestry block in Houto to be used as...

More Investments

Inside Ebos’s ‘revolutionary’ $1.1 billion deal
Markets

Inside Ebos’s ‘revolutionary’ $1.1 billion deal

In 2013, Ebos swallowed a giant. Now it’s the end of an era.

Bond market backlash
Opinion

James Caughey: Bond market backlash

Equity investors will need to pick companies that can grow profits faster than inflation.

James Caughey 03 Jun 2025
NZ Super ahead of the curb on US equities
Finance

NZ Super ahead of the curb on US equities

New Zealand’s sovereign wealth fund has been overweight in European equities.

Gregor Thompson 03 Jun 2025
NZ's success? There will be signs
Opinion

Simon Robertson: NZ's success? There will be signs

NZ should be thinking about new technologies and leaning into space, AI and FSD.

Simon Robertson 31 May 2025