NZX picks up $1.6b in FUM with QuayStreet buy
Smartshares approaching $10b in funds under management under $31.25m acquisition.
Smartshares chief executive Hugh Stevens.
The NZX has acquired the $1.6 billion funds management arm of Craigs Investment Partners, QuayStreet Asset Management, for an upfront cost of $31.25 million made up of $22.5m cash and the rest in NZX shares.
The deal also includes a support and distribution agreement with Craigs and provides a
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