Mint Asset Management to manage active NZ equities for NZ Super Fund
POSTED ON: 2 July 2015
Mint Asset Management has been appointed to a $150 million active New Zealand equities mandate for the New Zealand Superannuation Fund.
The appointment was effective 1 July 2015 and transition of the mandate to Mint is now complete.
Matt Whineray, NZ Super Fund Chief Investment Officer, said the Fund was committed to using a combination of external managers alongside its internal team to manage its $1-billion plus portfolio of New Zealand equities.
“Mint is a welcome addition to our stable of managers and we look forward to working closely with them,” said Mr Whineray. “Their appointment follows a comprehensive selection process.”
Rebecca Thomas, Mint Asset Management CEO, said: ”We look forward to working with the team at the NZ Super Fund and making a contribution to the Fund’s ongoing success.”
The NZ Super Fund also has an active New Zealand equity mandate with Devon Asset Management. A further mandate with Milford Asset Management remains suspended and is being managed by the Guardians until further notice.
About Mint Asset Management
Mint Asset Management (www.mintasset.co.nz) is an independent asset management business based in Auckland. The firm was established in 2006 and offers a range of high quality active investment portfolios focussed on generating sustainable returns for investors.
About the New Zealand Superannuation Fund
The New Zealand Superannuation Fund is a sovereign wealth fund established by the New Zealand Government to partially pre-fund the future cost of universal pension payments. A long-term, growth-oriented investor, the Fund has returned 10.3% p.a. since inception in 2003. The Fund is managed by the Guardians of New Zealand Superannuation, a Crown entity. The NZ Super Fund has holdings in more than 6,000 listed companies globally. Funds under management were $29.6 billion as at 31 May 2015.
NZ Super Fund – Catherine Etheredge, Head of Communications, [email protected], 0274 777 501
Mint Asset Management – Rebecca Thomas, Chief Executive Officer, [email protected], 021 674 435.