NZ Super names head of asset allocation pionline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pionline.com Daily Mail and Mail on Sunday newspapers.
NZ Super taps internal candidate for portfolio completion role
Print George Crosby, the New Zealand Superannuation Fund s head of portfolio investments, has been appointed general manager – portfolio completion for the Auckland-based, NZ$57 billion ($41.5 billion) sovereign wealth fund. Mr. Crosby will replace Mark Fennell in that role, which oversees implementation of NZ Super s reference portfolio, currency overlay, rebalancing and liquidity management, as well as a number of internal investment mandates with a credit and arbitrage focus, according to a NZ Super news release Tuesday. A previous announcement on April 6 said Mr. Fennell will take on the new role of general manager risk.
KiwiSaver provider predicts more investment in private companies
9 May, 2021 12:00 AM
3 minutes to read
Apple grower Rockit Global has benefit from previous investments from Pioneer Capital. Photo / Supplied
More KiwiSaver funds are likely to invest into private companies in the future as fewer companies list on public markets, an investment expert says. Simon O Grady, chief investment officer at Kiwi Wealth, has just committed up to $50 million of its KiwiSaver money to a fund run by Pioneer Capital - a private equity company which specialises in investing in Kiwi export businesses.
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The investment is the second private equity investment Kiwi Wealth has made. Last year it committed $54m to venture capital investors Movac to invest in technology companies.
‘Labour’, a centennial history of the Labour Party
Socialist and workers’ parties around the world this weekend celebrate the international day of labour, or May Day.
But not in New Zealand and a handful of other countries, which separately mark the contribution of the labour movement.
New Zealand’s Labour Day was set on the fourth Monday of October in 1890, one year after the Marxist International Socialist Congress in Paris, or Second International, declared the first May Day. Common to both were demands for an eight-hour day, a call that had been answered for some New Zealand trade unionists as early as 1840 through the efforts of Auckland carpenter Samuel Parnell.
Press Release – Mindful Money
Mindful Money Awards have just released their high level line-up of speakers for their inaugural Ethical Investment conference and awards, which will be taking place at Generator@GridAKL in Auckland on 29 June. Entries for the seven awards categories close on 10th May.
Barry Coates, founder and CEO of Mindful Money commented:
“We have been pleased with the level of interest in the awards, but time is running out to get the entries in. Managers of ethical and impact funds, financial advisers and journalists should go to https://mindfulmoney.nz/pages/23/awardsentry/ to make an entry before they close on 10th May.”