Te Ngakinga/Whanganui Iwi Fisheries
Members of the Ngā Tāngata Tiaki Group
The purpose of Te Ngakinga o Whanganui Trust is to invest and grow the iwi’s assets, cultivating with great care and diligence our shared iwi garden in order to continue to grow and expand our seed bank and storage houses to provide for future generations. Hence the reference to te ngakinga (ngaki: to weed, to plant or cultivate).
Te Ngakinga o Whanganui Investment Trust and Whanganui Iwi Fisheries Limited (‘the Investment Entities’) are the vehicles within the Ngā Tāngata Tiaki Group responsible for growing the assets of Whanganui Iwi held by Ngā Tāngata Tiaki o Whanganui Trust. The revenue generated from investments will be partly reinvested and partly applied to provide benefit to Whanganui uri, hapū and iwi either through disbursements (through Te Whawhaki Iwi Development Trust) or through operational level work streams.
The Trust appoints the trustees/directors of both Investment Entities. The directors of Whanganui Iwi Fisheries Limited and Te Ngakinga o Whanganui Investment Trust are currently the same people to ensure that the commercial effort is as effective and efficient as possible. The Trust provides Letters of Expectation to the Investment Entities annually that detail how they are to operate and what level of returns are required. The Trust also considers and approves the Investment Entities’ Strategic and Annual Plans, as well as the Statement of Investment Policies & Objectives (SIPO) which governs how the Investment Entities will invest.
To view further information about Te Ngakinga and WIFL's investment performance please see the latest Ngā Tāngata Tiaki o Whanganui annual report documentation on the Important Documents page.