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Fishers hook bigger stake in business

Fisher Funds founders Carmel and Hugh Fisher have pushed their stake in the business to 83% and are now considering options for bringing in new investors.

Tuesday, August 26th 2008, 6:59AM
The pair decided to buy the 27% held by former chief investment officer Warren Couillault so they had some control over where they ended up.

Carmel Fisher says they are now considering what to do with the shares. One option is to bring in a strategic investor, another is to sell them to staff.

She is a big believer in staff having a stake in the business and currently most of them do, although some may like to increase their stakes, she says.

Another option is to find a strategic partner.

However, Fisher freely admits she has no idea who this maybe, partly as she feels the company has most of its bases covered.

"There's not a set of skills we are lacking," she says.

Owning the shares "gives us an opportunity to introduce extra talent into the business".

Despite the markets being tough at the moment Fisher thinks things are improving. She says the hardest time was earlier in the year, around February, but the past four months have been much better.

She agrees that advisers and investors have had a tough time, particularly over finance company collapses and considers some people with losses from this sector are looking for ways to make up for some of these losses. Her view is that equities are a good option because of the growth potential.

Currently Fisher's international fund is receiving the most interest of all the Fisher Funds, partly because of the falling currency which is boosting returns.

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