Friday 14th November 2008
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As part of the agreement, Lloyd Morrison will join Fisher Fund's board and Fisher Funds managing director Carmel Fisher will become a director of Morrison & Co., according to a statement from Fisher Funds. No price was given.
"The strategic partnership is an expression of optimism in the New Zealand economy, the long-term global outlook and the ability of the two firms to offer unique investment opportunities," Carmel Fisher said.
Morrison & Co. manages infrastructure assets for the New Zealand Superannuation Fund as well as its role as manager of listed investor Infratil.
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