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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
General Business
3 mins to read

Performance fees, profit nosedive at NZ Funds

The firm raked in more than $50m of performance fees last year.

NZ Funds chief executive Michael Lang.

Revenue and profit at NZ Funds have come back to earth after being bolstered by a gargantuan $57 million performance fee in 2021 on the back of multiple investment portfolios achieving annual returns of more than 90%.

The fund manager drew attention from the public, the funds management industry,

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Hamish McNicol Fri, 22 Jul 2022
Contact the Writer: Hmcnicol@nbr.co.nz
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Performance fees, profit nosedive at NZ Funds
General Business,
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