NZ Super appoints head of external investments

It follows the departure of Fiona Mackenzie, who stepped down from the post in October to take up a role with brokerage and investment banking firm First NZ Capital. Hart will be responsible for investment mandates with about 30 external mangers covering NZ$6.5 billion ($4.5 million) of assets in listed and unlisted markets globally.

Hart joined NZ Super in 2010 as a portfolio manager. Prior work includes roles at Russell Investments in New Zealand and Pictet Asset Management in the UK, as well as New Zealand’s Tower Managed Funds. According to a release, she will report to Matt Whineray, chief investment officer, and sit on the NZ Super’s investment committee.

NZ Super uses a reference portfolio instead of the strategic asset allocation model. It sets a base allocation of 80% growth and 20% fixed income. Specific asset classes are considered based on whether they can improve the portfolio by increasing the return or reducing the risk.

Earlier this year, the LP participated in a NZ$247 million investment in Kiwibank, a banking and finance services provider controlled by New Zealand Post.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Save this article  
• Send to  

• Topics
• Australasia
• LPs
• People
• New Zealand
• Appointments
• New Zealand Superannuation Fund