Infratil’s manager rejects criticism of its incentives
HRL Morrison and Co's Paul Newfield says his team sat on dry powder for a long time before investing. With special feature audio.
Jenny Ruth Fri, 05 Aug 2016
Infratil’s [NZX: IFT] manager, H-R-L Morrison and Co, says if it was out to maximise fees, it would have invested Infratil’s $1 billion war chest a long time ago.
Instead, Morrison and Co’s chief investment officer, Paul Newfield, says the manager has bided its time until the right investment at