Post by Kiwi Frontline on Sept 9, 2018 17:27:45 GMT 12
ECONOMY HUB: TE PŪIA TĀPAPA FUND TARGETS LOCAL INFRASTRUCTURE
New Māori investment fund Te Pūia Tāpapa could end up investing in major infrastructure projects like Auckland light rail, says chairman Paul Majurey.
The $115 million fund is modelling itself on the NZ Super Fund and will hopefully further advance the progress iwi are making towards economic sovereignty, Majurey says.
It pulls together capital from 26 iwi and Māori entities located in the lower North Island, Taranaki, Waikato, Bay of Plenty, Hauraki, Northland, Auckland, Te Tau Ihu (Nelson-Marlborough) and Wharekauri (Chatham Islands)
"This investment reflects the way we see the world – so that has important ethics like manaakitanga [respects and kindness] and kaitiakitanga [stewardship] in terms of how we see people and resources," he said. "The outlook is very long-term and intergenerational."......
www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=12120408
New Māori investment fund Te Pūia Tāpapa could end up investing in major infrastructure projects like Auckland light rail, says chairman Paul Majurey.
The $115 million fund is modelling itself on the NZ Super Fund and will hopefully further advance the progress iwi are making towards economic sovereignty, Majurey says.
It pulls together capital from 26 iwi and Māori entities located in the lower North Island, Taranaki, Waikato, Bay of Plenty, Hauraki, Northland, Auckland, Te Tau Ihu (Nelson-Marlborough) and Wharekauri (Chatham Islands)
"This investment reflects the way we see the world – so that has important ethics like manaakitanga [respects and kindness] and kaitiakitanga [stewardship] in terms of how we see people and resources," he said. "The outlook is very long-term and intergenerational."......
www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=12120408