
KiwiSaver
Performance fees boost managers' earnings
Wednesday 2nd of August 2017
Companies Office figures show Milford reported fee revenue of $46.5 million for the year to March.
That is up 21% on the previous year.
Of that, $35.1m was management fees and $11.4m performance fees.
Milford has near $4 billion in retail funds, with more than $800m in its KiwiSaver funds.
For the same period, Fisher had fee revenue of $69.1m, up 3%.
Tha...
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