Fisher Funds, Morrison & Co alliance to continue

Free audio stream, including stories that are padlocked on our site. Listen on any device, anywhere. Updated twice daily. The audio stream takes several seconds to start on Android devices.

Launch Radio player

Fisher Funds’ partnership with Morrison & Co, and the infrastructure fund that the firms are launching, is continuing despite Lloyd Morrison’s illness.

Mr Morrison announced last week that he is resigning from several boards and his chief executive position at Infratil after being diagnosed with leukaemia.

Last year, his investment company Morrison & Co took a strategic stake in Fisher Funds and in December the companies launched the Fisher Morrison Infrastructure Fund.

Fisher Funds managing director Carmel Fisher says her thoughts are with Mr Morrison and his family: “he’s more than a business partner, he’s a friend.”

Ms Fisher says while Mr Morrison is disappointed that he can’t join her in telling investors about the infrastructure fund, Morrison & Co’s team of portfolio managers and analysts will continue to identify investment opportunities as planned.

“The fund gives ordinary mums and dads the opportunity to invest in same assets as governments around the world,” she says.

Ms Fisher would not reveal how much investment the fund has attracted so far, saying it only launched two weeks before Christmas and it’s early days yet.

She is still taking up a seat on the Morrison & Co board, and Mr Morrison is not resigning as a Fisher Funds director.

Another senior Morrison & Co executive, Lib Petanga, is also a Fisher Funds director.


Got a question about this story? Leave it in Comments & Questions below.

This article is tagged with the following keywords. Find out more about MyNBR Tags

Comments & Questions

Commenter icon key: Subscriber Verified

Post New comment or question

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

NZ Market Snapshot

Forex

Sym Price Change
USD 0.6345 -0.0113 -1.75%
AUD 0.8992 -0.0046 -0.51%
EUR 0.5639 -0.0124 -2.15%
GBP 0.4141 -0.0049 -1.17%
HKD 4.9181 -0.0875 -1.75%
JPY 76.1690 -2.1430 -2.74%

Commods

Commodity Price Change Time
Gold Index 1134.7 1.510 2015-08-31T00:
Oil Brent 54.1 -2.300 2015-08-31T00:
Oil Nymex 49.2 3.990 2015-08-31T00:
Silver Index 14.6 0.046 2015-08-31T00:

Indices

Symbol Open High Last %
NZX 50 5656.2 5664.2 5656.2 -0.02%
NASDAQ 4798.7 4824.6 4828.3 -1.07%
DAX 10201.0 10273.5 10298.5 -0.38%
DJI 16632.0 16632.0 16643.0 -0.69%
FTSE 6192.0 6247.9 6192.0 0.90%
HKSE 21692.8 21692.8 21670.6 -0.64%
NI225 18763.7 18777.5 18890.5 -2.12%