Money 2013: Change of fortune

By Pattrick Smellie In Money, Money 2013

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High above the Wellington waterfront, Harbour Asset Management managing director Andrew Bascand gets a bird’s-eye view at work every day, the ridges of the Orongorongos picked out like a serrated knife, the Wellington skyline uninterrupted by a single construction crane. One of New Zealand’s cannier fund managers, managing around $1.2 billion on behalf of other professional investors, Bascand looks out at the world economy and sees something akin to Boeing’s 787 Dreamliner jet: it looks okay but there’s probably something wrong with it. Still, compared with the global economic ...

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