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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.
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