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Fund manager calls for NZX to sell funds business

Tuesday 2nd of October 2018
Elevation holds about 6.2 million NZX shares for its clients, which it said was about 2.3% of NZX’s issued capital.
It has today released a presentation explaining how it thinks the NZX should overhaul its business.
It said the underperformance of the NZX versus the S&P/NZX50 Index between 2012 and 2017 had cost shareholders $235 million in returns. It said suboptimal capital...
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