TA Associates to buy 25 pct of Fisher Funds
The TSB Community Trust said Aug. 3 that it is buying the 51 percent of Fisher Funds it does not currently own. TSB has also agreed to sell a 24.99 percent stake in Fisher Funds to TA Associates. Financial terms of the transactions were not announced. Following regulatory approval, TA’s stake in Fisher Funds will jump to 34 percent while TSB will have 66 percent. Fisher Funds is New Zealand’s fifth largest KiwiSaver provider and fifth largest fund manager overall.
3 August 2017•3 mins read
