Performance fees, profit nosedive at NZ Funds
The firm raked in more than $50m of performance fees last year.
NZ Funds chief executive Michael Lang.
Revenue and profit at NZ Funds have come back to earth after being bolstered by a gargantuan $57 million performance fee in 2021 on the back of multiple investment portfolios achieving annual returns of more than 90%.
The fund manager drew attention from the public, the funds management industry,
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