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Business
1 mins to read

Craigs nearly doubles net income on QuayStreet sale

Broker booked a $30.8m gain on the sale of the funds management business.

Craigs Investment Partners CEO Simon Tong.

NBR Staff Wed, 01 May 2024

Craigs Investment Partners has reported total annual income of nearly $48.8 million for 2023, up from $25.5m the year prior, mainly due to a gain on the sale of management rights for its QuayStreet funds of close to $30.8m.

NZX subsidiary Smartshares acquired the rights in QuayStreet from CIP

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NBR Staff Wed, 01 May 2024
Contact the Writer: editor@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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