Questions over NZ govt proposal to fund foreign venture capital managers

Questions over NZ govt proposal to fund foreign venture capital managers
Jenny Ruth
Another of New Zealand's home-grown venture capitalists is questioning why the New Zealand government is proposing to provide funding to foreign managers."With no disrespect to the managers currently exploring setting up in New Zealand, over the last 20 years we've seen a number of offshore funds fly in, stay for a while, grab the best deals and then up sticks and head off somewhere else when they get bored or there is an economic downturn," says Movac managing partner Phil McCaw.In a submission to the Ministry of Business, Innovation and Emplo...

More Finance

Budget 2024: tax relief on, surplus further off
Finance

Budget 2024: tax relief on, surplus further off

The package will be less generous than National’s election campaign promises.

Pattrick Smellie 27 Mar 2024
New Guardians of NZ Super CEO appointed
Finance

New Guardians of NZ Super CEO appointed

Townsend will be its first external CEO appointment since Adrian Orr in 2007.

Staff reporters 27 Mar 2024
Russia’s backdoor to the global banking system slamming shut
Finance

Russia’s backdoor to the global banking system slamming shut

Major Dubai lender has scaled back Moscow business, and Turks are now more cautious.