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| Fisher Funds | |
|---|---|
| Name | Fisher Funds |
| Type | Investment management |
| Industry | Financial services |
| Founded | 2000 |
| Headquarters | Auckland, New Zealand |
| Key people | Eric Norgate; Gareth Morgan |
| Products | Mutual funds; KiwiSaver; Managed funds; Institutional mandates |
Fisher Funds Fisher Funds is a New Zealand-based investment management firm founded in 2000, known for offering retail and institutional investment products including KiwiSaver schemes and managed funds. The firm operates in domestic and Australasian markets, interacting with entities such as stock exchanges, sovereign funds, and superannuation schemes. Fisher Funds engages with professional investors, trustees, auditors, and regulators across New Zealand and Australia.
Fisher Funds traces origins to founders who previously worked with institutions like ASB Bank and Tower Insurance and launched operations contemporaneously with entities such as OnePath and AMP Limited. Early expansion paralleled developments at New Zealand Stock Exchange and initiatives by Reserve Bank of New Zealand related to financial market infrastructure. The firm’s growth overlapped with the establishment of competitors including Mercer Group and Simpson Investment Managers, and coincided with regulatory changes influenced by cases involving Commerce Commission (New Zealand) and legislative acts debated in the New Zealand Parliament. Over time Fisher Funds developed retail channels alongside institutional relationships with entities like Accident Compensation Corporation and private wealth managers formerly associated with Craigs Investment Partners.
The ownership history includes private equity transactions and partnerships similar to structures used by Harbour Asset Management and Perpetual Limited. Corporate governance reflects roles common at firms such as BNZ and Kiwibank with boards drawing directors experienced at Christchurch City Council-linked entities and corporate finance teams from Wellington Regional Council audits. Fisher Funds’ corporate entities interact with trustees and custodians in lines comparable to State Street Corporation and BNP Paribas Securities Services. Key executive appointments have previously originated from leadership pipelines at JP Morgan and ANZ Banking Group.
The firm’s investment approach integrates active management and multi-asset strategies akin to those marketed by BlackRock and Vanguard Group while offering KiwiSaver schemes similar to those from ASB Group and Westpac New Zealand. Product offerings include diversified unit trusts, sector-specific mandates, and retirement-focused portfolios comparable to products from Mercer and Fidelity Investments. Asset allocation processes reference research techniques used at UBS and Goldman Sachs and implement corporate governance engagement comparable to stewardship practices by NZX-listed fund managers. The product suite services retail investors, family offices, and pension funds like NZ Super Fund.
Performance reporting uses metrics familiar to institutional investors such as total return, volatility, and Sharpe ratios applied by firms including Morningstar and Standard & Poor's. Comparative benchmarking references indices like those from S&P/NZX and MSCI for Australasian equities. Financial statements and fee schedules resemble disclosures required under regimes affecting entities such as Financial Markets Authority (New Zealand) and accounting standards issued by External Reporting Board (New Zealand). Asset under management levels have been discussed in media outlets alongside reporting on competitors such as Fisher & Paykel Healthcare (for market context) and asset managers like AMP Capital.
Regulation of fund managers in New Zealand involves the Financial Markets Authority (New Zealand) and legislation enacted by the New Zealand Parliament, with cross-border considerations involving Australian Securities and Investments Commission. Compliance frameworks reflect expectations similar to those applied to managers registered with ComplyAdvantage screening practices and anti-money laundering requirements paralleling guidance from Financial Action Task Force. Auditing and trustee duties are performed under standards used by firms such as Deloitte New Zealand and KPMG New Zealand, and custodial relationships mirror contractual models employed by Custodial Services Limited and international custody banks like Citibank.
Environmental, social, and governance integration aligns with reporting trends championed by organizations such as the Task Force on Climate-related Financial Disclosures and Principles for Responsible Investment. ESG engagement practices are comparable to stewardship initiatives pursued by NZX pension fund participants and corporate campaigns run in coordination with NGOs like World Wildlife Fund New Zealand and community foundations such as Foundation North. Sustainable investment products mirror thematic funds established by Goldman Sachs Asset Management and regional green finance efforts endorsed by Climate Change Commission (New Zealand).
Controversies around fund managers typically involve fee structures, performance attribution, adviser conflicts, and disclosure practices; similar public debates have involved firms like AMP Limited and Mercer. Criticism often references regulatory enforcement actions by Financial Markets Authority (New Zealand) or investigatory reporting by outlets such as New Zealand Herald and Stuff.co.nz. Issues raised in industry-wide reviews include comparisons to historical cases involving Hawkes Bay Mutual Aid-type disputes and governance scrutiny paralleling matters reviewed by the Commerce Commission (New Zealand).
Category:Financial services companies of New Zealand