Fisher Funds

Kiwi Group Holdings Limited (KGHL) today announced the sale of Kiwi Wealth to Fisher Funds for NZ$310 million. Under the terms of the deal, the acquisition ...

In the meantime, it’s business as usual for the Kiwi Wealth and Fisher Funds teams as they continue to deliver for customers across New Zealand. Fisher Funds CEO Bruce McLachlan says that the acquisition is a natural extension of the company’s long-term growth plans in KiwiSaver and funds management in New Zealand. Under the terms of the deal, the acquisition will see the Kiwi Wealth business integrated into Fisher Funds over time.

Kiwi Wealth, a sister company of Kiwibank, is being sold by its owners NZ Post, the Super Fund, and ACC. A seven-year distribution agreement with Kiwibank is ...

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The deal will enlarge Fisher Funds' under management by about $9 billion to $23b, and also give it back access to default KiwiSaver provider status, ...

Once the deal is completed, Fisher Funds and Kiwi Wealth said they would start working on identifying opportunities to grow the value of the combined businesses. "Our priority is now on working closely with Kiwi Wealth to ensure a seamless transition for all members and clients involved," McLachlan said. Kiwi Wealth is part of the state-owned Kiwi Group Holdings, which includes Kiwibank, and the sale to Fisher Funds was widely tipped with the price at the lower end of expectations.

There have been concerns in the industry that Fisher Funds is buying back KiwiSaver default status after losing that position in a government review last ...

5.85 5.85 5.85 5.85 5.85 In a statement Fisher Funds says it will seek to retain Kiwi Wealth’s default KiwiSaver status.

Fisher Funds buying Kiwi Wealth to become third biggest KiwiSaver provider, will seek to retain default provider status.

In 2014, TA Associates helped organize a syndicated loan worth $1.77 billion for Millennium Health LLC. Most of the loan – $1.27 billion – was channelled back to TA Associates and others, who used it to hand out special dividends. [9] Landry told the Boston Globe the Dodd-Frank legislation costs TA more than $600,000 a year in compliance-related costs which would be better spent supporting job growth fueled by private equity firms such as Bain Capital and TA Associates. [10] "In 2014, TA Associates helped organize a syndicated loan worth $1.77 billion for Millennium Health LLC. Most of the loan – $1.27 billion – was channelled back to TA Associates and others, who used it to hand out special dividends. "In 2014, TA Associates helped organize a syndicated loan worth $1.77 billion for Millennium Health LLC. Most of the loan – $1.27 billion – was channelled back to TA Associates and others, who used it to hand out special dividends. [9] Landry told the Boston Globe the Dodd-Frank legislation costs TA more than $600,000 a year in compliance-related costs which would be better spent supporting job growth fueled by private equity firms such as Bain Capital and TA Associates. Read more [9] Landry told the Boston Globe the Dodd-Frank legislation costs TA more than $600,000 a year in compliance-related costs which would be better spent supporting job growth fueled by private equity firms such as Bain Capital and TA Associates. [10]" [9] Landry told the Boston Globe the Dodd-Frank legislation costs TA more than $600,000 a year in compliance-related costs which would be better spent supporting job growth fueled by private equity firms such as Bain Capital and TA Associates. Read more [8] Landry was among of the leading Super PAC donors to the 2012 Mitt Romney presidential campaign. [8] Landry was among of the leading Super PAC donors to the 2012 Mitt Romney presidential campaign. [8] Landry was among of the leading Super PAC donors to the 2012 Mitt Romney presidential campaign. Combined, they'll leap frog Westpac to become the third biggest behind only ANZ and ASB. Fisher Funds says it wants to retain Kiwi Wealth’s default provider KiwiSaver status, but there's a formal approval process to be worked through.