NZ Super names head of strategic titling

The Guardians of New Zealand Superannuation, the manager of the NZ Super Fund, has named its new head of strategic tilting.

The role was vacated following the transition of Alex Bacchus to a new position as head of the asset allocation department last month.

Sam Brodie has commenced in his new role, continuing his 13-year stint at the NZ$95 billion fund, where he worked across its risk and investment teams as portfolio risk analyst and analyst.

He has been a portfolio manager since 2017 in the strategic tilting team, helping manage the active investment strategy.

The fund said the strategic tilting programme allows itself to take advantage of its long investment horizon by adjusting portfolio exposures when market conditions create attractive investment opportunities.

Prior to the Guardians, Brodie worked at Bloomberg London as a portfolio risk and performance analytics specialist and held various roles at both ANZ Bank and the New Zealand's stock exchange NZX

Commenting, Guardians co-chief investment officer Brad Dunstan said Brodie's deep understanding of the fund and extensive experience within strategic tilting made him an excellent choice to lead the team.

"Strategic tilting is an important part of the fund's investment approach and a significant source of active value-add," Dunstan said.

"Sam brings a strong understanding of the fund, our investment approach and our people, along with a structured and thoughtful approach to decision-making. He is a highly respected investor who has played an important role in the evolution of our strategic tilting programme over the past decade."