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Philip Macalister
Philip Macalister
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TEA closes funds

Tuesday 26th of May 1998
Trustees Executors (TEA) has closed four funds in a drive to improve efficiencies and focus more tightly on its target market.
Managing director Jim Minto says there are too many funds on the New Zealand market and the best way to solve the problem was to close some.
"The number of funds in the market need to be dramatically rationalised," Minto says. "There needs to be fewer, much larger...
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