Toi Foundation scotches Fisher Funds sale talk

Fisher Funds' new CEO, Simon Power. (Image: NZME)

Wed, 03 Apr 2024

The two-thirds owner of Fisher Funds, Taranaki-based Toi Foundation, has scotched a report in Australian media that it is seeking to quit its holding in the newly beefed-up KiwiSaver provider and funds manager.The Weekend Australian reported that investment bank Macquarie had been contracted to broker a sale of Fisher Funds but cited only Fisher’s 34% shareholder, global private equity firm TA Associates, as a seller.In an email to BusinessDesk, Toi Foundation’s chief executive, Maria Ramsay, said the foundation “is not lookin...

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