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Investment
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Significant value, significant fee: NZ Funds confident in 24% fee

An advised portfolio with large crypto exposure returned more than 130% last year.

Controversial fund manager NZ Funds believes the 24% fee it charged on one of its 10 advised portfolio funds was fully disclosed to investors and only came after generating “significant value”.

NZ Funds has drawn attention from the public, funds management industry and regulators over the

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Hamish McNicol Tue, 11 May 2021
Contact the Writer: Hmcnicol@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Significant value, significant fee: NZ Funds confident in 24% fee
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