NZX to acquire QuayStreet from Craigs Investment Partners for $31m.

NZX, a company that builds and operates capital, risk, and commodity markets, agreed to acquire QuayStreet, a fund management company, from Craigs Investment Partners, an investment advisory firm, for $31m. “Ensuring our clients get the highest quality outcomes is our number one priority. With 19 offices across New Zealand, and 60k clients with $2bn in funds under management with us, we represent Kiwis from every walk of life. Our decision to sell QuayStreet is particularly exciting for those clients whose needs are suited to funds. In Smartshares, they get an award-winning, reputable, focused funds manager and more choice,” Simon Tong, Craigs Investment Partners CEO.