News

FNZC sells funds to Fisher

Friday 22nd of October 2010

FNZC investment director Malcolm Davie says the firm has decided to exit the retail equity managed fund business as it is becoming "increasingly complex and economies of scale are critical in helping to offset the costs incurred in managing funds."

The FNZC Abacus Alpha Fund, "while delivering satisfactory relative performance, has not grown sufficiently in total size to cover the costs...

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