Performance fees fall at Milford Funds
Parent Milford Asset Management draws lower dividend of $7.2m.
Hot Topic
EARNINGS
Higher costs and lower fee revenue have affected profits at Milford Funds, manager of more than $3.5 billion including more than $500 million of KiwiSaver assets.
The company has reported a profit of $4.4 million for the year to March 31, down from $15 million the previous year.
Fees were a big
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Tim Hunter
Wed, 07 Sep 2016
Wed, 07 Sep 2016
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Performance fees fall at Milford Funds
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