Fisher Funds, Morrison & Co alliance to continue

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


Sym Price Change
USD 0.6561 -0.0013 -0.20%
AUD 0.9087 0.0024 0.26%
EUR 0.6186 -0.0004 -0.06%
GBP 0.4345 -0.0002 -0.05%
HKD 5.0845 -0.0104 -0.20%
JPY 80.4390 -0.2280 -0.28%


Commodity Price Change Time
Gold Index 1070.0 -4.320 2015-11-25T00:
Oil Brent 45.5 1.070 2015-11-25T00:
Oil Nymex 43.0 0.090 2015-11-25T00:
Silver Index 14.2 0.000 2015-11-25T00:


Symbol Open High Last %
NZX 50 6087.9 6094.9 6087.9 0.08%
NASDAQ 5106.9 5124.1 5102.8 0.26%
DAX 11180.9 11366.4 11169.5 1.35%
DJI 17820.8 17854.9 17812.2 0.01%
FTSE 6337.6 6395.3 6337.6 0.88%
HKSE 22749.6 22787.5 22498.0 -0.04%
NI225 19930.0 19992.4 19847.6 0.49%