New Zealand Superannuation Fund (NZ Super) has awarded Mint Asset Management a $150m active equities mandate.
Mint Asset Management appointment was effective 1 July 2015 and the transition of the mandate is now complete.
NZ Super Fund chief investment officer Matt Whineray said that 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 Whineray.
Mint Asset Management CEO Rebecca Thomas 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.
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By GlobalData