16.07.2013 - NZ Super hires world's biggest manager
The New Zealand Superannuation Fund has appointed the world's biggest investment manager to look after four of its new passive share portfolios. New York-based BlackRock has won contracts to manage global large cap equity, small cap equity, emerging markets equity and Real Estate Investment Trust mandates from the end of June. BlackRock has managed the fixed income mandate for the fund since 2010. The super fund's general manager: portfolio completion, Mark Fennell, said the four new mandates would give it cost-effective, diversified exposure to equity markets around the world...............................................Full Article: Source
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