NZ Funds profit, performance fees sky-rocket tens of millions
Strong performance saw some actively managed portfolios double.
NZ Funds, which sparked controversy this year through its advertising of 107% KiwiSaver returns, saw its performance fee income balloon by more than $50 million last year.
As a result, profit after tax in the year to March 31, 2021 rose nearly eight-fold to $36.5m, following a year in which
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