News | Business
18 Aug 2025 19:08
| outlook hotmail | yahoo mail | gmail | news | weather | finance | shopping | about nzcity | Search |
NZCity News
NZCity CalculatorReturn to NZCity
SEARCH 

  • Start Page
  • Personalise
  • News
  • Sport
  • Weather
    •    Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

    •
      Home > News > Business

    Concerns are mounting among senior figures at Auckland Council over delays in appointing an investment manager

    Concerns are mounting among senior figures at Auckland Council over delays in appointing an investment manager for the city's 1.3 billion dollar Future Fund

    18 August 2025

    Auckland Airport
    Auckland Airport
    It was established at the end of last year, with the money from the council's sale of its remaining stake in Auckland Airport.

    The funds currently sit in secure term deposits and interest-earning bank accounts.

    Councillor Chris Darby estimates the council has been missing out on a million dollars a day since June, by it not being diversified and invested in international equities markets.

    A memo shows contract negotiations for an investment manager are ongoing.

    © 2025 Newstalk ZB, NZCity


     Other Business News
     18 Aug: Another dairy sector shake-up
     18 Aug: Financial results are coming in thick and fast
     18 Aug: The country's largest supermarket group says it's losing money on some butter sales
     18 Aug: Kiwis are being told not to panic, as national debt edges toward the trillion-dollar mark
     18 Aug: Nurses in the upper North Island begin several local industrial action today
     18 Aug: Can consumers avoid steep price rises in the supermarket by changing what they buy?
     17 Aug: Fruit growers are being urged to invest in more robust production, as prices rise globally
     Top Stories

    RUGBY RUGBY
    A close knit team is being pinpointed as a winning formula for high jumper Hamish Kerr More...

    BUSINESS BUSINESS
    Another dairy sector shake-up More...


     Today's News

    		 Law and Order:
    Four teenagers have been arrested after allegedly attempting to steal nearly 700-dollars worth of chocolate from an east Auckland supermarket 18:57

     Entertainment:
    Pete Davidson thinks some of his Saturday Night Live co-stars found him "annoying" 18:42

     Rugby:
    A close knit team is being pinpointed as a winning formula for high jumper Hamish Kerr 18:37

     Entertainment:
    Alicia Silverstone is determined to "make the world a better place" 18:12

     Politics:
    FOI emails raise new questions about government's role in scientific report into Murujuga rock art 18:07

     Christchurch:
    One person has been rushed to hospital in a moderate condition after a suspected chlorine leak at Hei Hei in Christchurch 18:07

     International:
    Chile wants Ethan Guo out of Antarctica. He says he's 'stuck' there 17:47

     Entertainment:
    Normani is "like a sister" to Ciara 17:42

     Law and Order:
    A call for witnesses - to a man being assaulted and robbed in Palmerston North by three men about 9.40 last Thursday night - on the corner of Linton and Church streets 17:27

     Living & Travel:
    Relief for former Qantas workers after the airline's been fined 90 million dollars for illegally sacking workers during the pandemic 17:17

     News Search




    Power Search

    © 2025 New Zealand City Ltd