Register  
 
 
 
 
 
NZ Super Fund named world's most innovative
Thursday, 6 December 2012 11:10am

The New Zealand Superannuation Fund has been named the world's most innovative sovereign fund.

Last night, the Fund won the prestigious Sovereign Wealth Fund category in the 2012 aiCIO Industry Innovation Awards in New York.

The other finalists were the Australian Future Fund; Singaporean fund GIC; Norges Bank Investment Management and the State Oil Fund of Azerbaijan.

Chairman Gavin Walker said the award recognised the Fund's transparency, consensus-based decision-making and a shift away from a traditional asset allocation 'bucket' approach to investing.

It's understood the Fund's innovative approach is based on a passive Reference Portfolio.

The Fund's investment team must be convinced that any active investment will do better than this portfolio.

The Fund has also moved to bring more investment management in-house in an effort to reduce costs and add value.

"It's great as a New Zealand organisation to complete with global peers and win," said Walker.

"NZ Super is pushing further and faster than any of its competitors."

The award was the second this week for the Fund, which on Tuesday won the Public Sector Annual Report category in the 2012 New Zealand Institute of Chartered Accountants Awards, for its 2010/11 Annual Report.

Earlier in 2012 the Fund won the INFINZ Excellence in Treasury Award and the Executive Team of the Year in the New Zealand CIO Awards.

It was also rated 1st equal for combined Transparency & Governance, out of more than 80 funds, in a 2012 study by the Centre for Financial Stability (Argentina).

News Search   
VideoBrought to you by
How to distribute 8% per year from global equities
Investor needs have not changed, what has changed is the level of income available from traditional yield sectors such as cash and bonds. This presentation will cover in detail how investors can diversify ... Watch video
Betashares high interest cash ETF
The Betashares high interest cash ETF is currently returning significantly above the default cash rates offered on the larger wrap platforms. Learn more about this product in this exclusive video featured ... Watch video
MAX
We invite you to the 2014 Marketing, Advertising and Sales Excellence (MAX) Forum and Awards, the premiere event for financial services professionals who are raising the standards in marketing, sales and ... Watch video
Developing investment opportunities
Given the evolution of Australian Equities funds over the last 10 years, how has the Growth team's investment strategy remained relevant? Watch video
Get it
Daily
FREE to your inbox, get the Financial Standard Daily Email.
Get the Free
iPad app
Download the Financial Standard iPad app for FREE
Industry
Events
APR
23
MAY
19
Unit Pricing 2014 Forum
28
Asset Allocation 2014 Forum in Sydney,
29
2014 Annual Stockbrokers Conference
JUN
18
MAX: the Marketing, Advertising and Sales Exellence Forum and Awards
AUG
14
Alternative Investments 2014 Conference
News
Bites

$245 (inc GST) for 1 year
 
 
About Us
Contact Us
Privacy Policy
Terms & Conditions
Comments Policy
Events Calendar

Register
Archive
CPD Login
Register

Managed Funds
- Australian
- Global
Superannuation Funds
- Specialist
- Diversified
"Guide To" Series
Product Launches
Showcases

Home
Shows
Learning
Events
Profiles
Showcase
Platform Report
Mandate Chaser
Roundup
Advantage
Benchmarking

FS Advice
FS Super
FS Private Wealth
Copyright © 1992-2014 Rainmaker Group
All material on this site is subject to copyright. All rights reserved. No part of this material may be reproduced, translated, transmitted, framed or stored in a retrieval system for public or private use without the written permission of the publisher.
Link to something 3NGFXrlW