NZSF appoints manager

The NZ Super Fund has appointed Northern Trust Asset Management to manage two new factor investing mandates, extending a relationship first established in 2007.

The mandates – a $300 million low volatility strategy and $300 million value investing strategy – will use funds Northern Trust is already investing passively in global equities on behalf of NZ Super.

The new mandates will be managed according to a factor investing approach which systematically constructs an alternative portfolio according to pre-determined factors, aiming to deliver superior risk-adjusted returns over the long-term.