A fund manager says the Treasury's handling of the Government's asset sales programme has been a disaster, and it should be taken off it.
Brian Gaynor, executive director of Milford Asset Management, says he supports partial asset sales but the sale of stakes in Mighty River Power, Meridian and Air New Zealand has been botched.
Mr Gaynor says the weak share prices and lower-than-expected returns to the Government reflects poorly on the Treasury's execution of the sale process.
He says another organisation should run the process, limiting the Treasury's role to providing advice on the sales.
The Government plans to sell part of Genesis Energy early this year.
