The Great Lusby: investors bite back, KiwiSaver managers ‘lazy’, Silver Fern vote fight cranks up
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In NBR Print today: About 50 mainly New Zealand investors who lost more than $18 million in 2011 have launched legal action against an alleged Kiwi fraudster and Australia’s Macquarie Bank. “It’s a long saga,” one tells Hamish McNicol. “It’s got to come right in the end.”
Auckland Council’s predicted $18.7 billion infrastructure shortfall is more likely to be $25-30 billion over the next decade. KMPG says Auckland needs to consider alternative funding such as a listed public-private infrastructure fund made up of the council’s property portfolio, Ports of Auckland, Auckland Airport shares and diversified asset portfolio to raise the extra money. Sally Lindsay reports.
KiwiSaver managers are being accused of “laziness” for not plugging money into private markets, making it harder for young New Zealand companies to reach their potential. Venture Capital Association executive director Colin McKinnon says the New Zealand public and young companies are missing out. However, as Calida Smylie reports, it’s more complicated than that.
Experts see more growth ahead for the service sector as the country’s economic focus continues to shift away from exporting goods. This is clear from the trade deficit widening as services, such as tourism and international education, boom. Jason Walls reports.
Meat co-op shareholders seeking to rerun a ballot approving a merger with Chinese company Shanghai Maling have begun their public campaign, saying the contract is voidable if the vote does not pass. Tim Hunter talks to the main players.
Shoeshine reckons the proposed media merger between NZME [ASX: APN] and Fairfax should be cut off at the pass.
Hunters’ Corner says MediaWorks is not alone in cutting jobs to deal with change but it’s not the answer.
If money talks in politics, then Wall Street is putting it behind Hillary Clinton as the devil they know, writes Nevil Gibson in Margin Call.
Offshore trusts help fight against poverty, argues guest columnist Jim Rose.
Don’t miss: NBR Special Report: Eco-business.
All this and more in today’s National Business Review print edition. Out now.
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Staff Reporter
Fri, 13 May 2016
Fri, 13 May 2016
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The Great Lusby: investors bite back, KiwiSaver managers ‘lazy’, Silver Fern vote fight cranks up
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