| The Guardians of New Zealand Superannuation (the Guardians), the manager of the NZ$29 billion New Zealand Superannuation Fund (the Fund) has appointed Northern Trust’s (Nasdaq: NTRS) international asset management arm, a leading provider of index, active and multi-manager solutions, to manage a Barclays Global Aggregate fixed income mandate, incorporating the Fund’s environmental, social and governance (ESG) exclusions.
The new mandate adds to the four passive global equity mandates awarded by the Guardians to Northern Trust in 2013. “We are pleased to grow our existing partnership with Northern Trust. The appointment is consistent with our desire to have fewer, deeper manager relationships, helping us manage the Fund’s portfolio as efficiently as possible,” said Matt Whineray, chief investment officer, New Zealand Superannuation Fund...............................................Full Article: Source
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