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Thomas mints mandate with Super Fund

Thursday 2nd of July 2015

Since AMP Capital made changes to its business the NZ Super Fund has been running a process to find a new manager for some of its $1 billion-plus New Zealand share portfolio.

Mint won that process and has been appointed to a $150 million active New Zealand equities mandate for the fund.

NZ Super Fund says  there were four things which favoured Mint:

  • Mint has or is implementing institutional-quality systems and processes.
  • That they had sufficient available capacity for our mandate and a clear discipline in sticking to that view of capacity.  Capacity is our view of how much money a specific investment style can manage, in a specific market, before the expected excess return from that strategy begins to decline.
  • That they have an investments team with a solid track record and with whom we believe we can work well.
  • That the relationship is underpinned with mutually attractive terms and conditions.
The fund also gained a good insight into the local funds management industry during the RFP process, and was pleased with what it found.

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