UPDATE Fisher Funds customers face cheaper fees from Tower Investments tie-up

Mon, 25 Feb 2013

By Paul McBeth Feb. 26 (BusinessDesk) - Fisher Funds expects its customers to share the benefits of a larger business in the form of cheaper fees, having stitched up a deal to buy insurer Tower's investment business for $79 million. Managing director Carmel Fisher told a media briefing in Auckland that funds management is a scalable business in that it doesn't take much extra resource to manage bigger funds. Fisher Funds will almost quadruple its funds under management to more than $5 billion, making it the fourth biggest fund manager with 8...

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