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The Investment Committee ensures the NZ Super Fund is best placed to serve the Guardians’ purpose: Sustainable Investment Delivering Strong Returns to All New Zealanders. 

Matters considered by the Investment Committee include the Fund’s liquidity profile, new investments (including manager appointments), sustainable investment exclusions, and new investment opportunities (sub-asset classes) including opportunity-level risk budgets. 

The Investment Committee consists of four permanent members (the co-Chief Investment Officers, the Chief Risk Officer and the Head of Asset Allocation) and two invited members. Invited members are co-opted on the basis of having expertise relevant to proposals being considered at each meeting. The CEO is an ex-officio member of the Investment Committee. 

 

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    Brad Dunstan

    BCom/PGDipMgt Co-Chief Investment Officer

    Brad joined the Guardians in September 2013 as Head of Portfolio Completion. Prior to joining the Guardians Brad had worked for Cannacord Genuity in London as Co-Head of European Equity Derivatives. Brad spent 11 years working in London for various investment banks including Bear Stearns and JP Morgan. Brad holds a BCom from the University of Canterbury and a Post Graduate Diploma in Management. He is a member of the New Zealand Institute of Directors.

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    Michael Mitchell

    Chief Risk Officer

    Michael joined the Guardians in 2005 after 25 years in financial markets, including central banking, portfolio management, investment banking and funds management. Michael's original role was to lay the foundations for the Responsible Investment function before being asked to create a Portfolio Risk unit responsible for Fund performance reporting, liquidity risk and counterparty monitoring. That became part of a larger Risk team that Michael developed over the years to also include enterprise risk, model risk, operational due diligence and operational compliance.

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    Will Goodwin

    BCA, MAF Co-Chief Investment Officer

    Will joined the NZ Super Fund in 2016 and was appointed Co-Chief Investment Officer in 2024. He was previously Head of Direct Investments with responsibility for leading the Fund’s global direct/private equity investments, internally managed listed equities and machine learning strategies. Prior to joining the Fund, Will held executive roles in finance and private equity. He is currently a member of the NZ Super Fund Investment Committee, Director of Kaingaroa Timberlands, Chair of The Institute of Financial Professionals NZ (INFINZ) and has previously served on listed and unlisted boards in New Zealand, Australia, and the UK. He holds a Bachelor of Commerce majoring in Economics and a Master of Applied Finance from Victoria University of Wellington.

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    Charles Hyde

    BSc, PhD Head of Asset Allocation

    Charles joined the Fund in 2015. As Head of Asset Allocation, he oversees the construction of the Fund’s Reference Portfolio, the allocation of risk capital across the Fund, the determination of the cost of capital, modelling/monitoring of portfolio flexibility and the Guardians’ economics function. Charles’s previous roles include Head of Quantitative Research at MIR Investment Management; Head of Equities Research at Commonwealth Bank of Australia; and Principal Economist in Transfer Pricing at Deloitte. Charles has also held a number of academic roles in finance and economics at the University of Melbourne, University of British Columbia, and the University of Sydney. He has a PhD from the University of California, Berkeley.