The NZ$12.2 billion New Zealand Superannuation Fund (NZ Super) has appointed eSecLending as the third party manager of its securities lending program.
The Boston-based global securities lending manager has already conducted a lending auction of global equity and fixed income assets on behalf of NZ Super, which lent the portfolios for a one-year term. Following this period, the lending rights to the securities will be re-auctioned. NZ Super decided to implement a securities trading program last July with the intention of generating further returns by lending designated securities to approved borrowers. In the past six years, eSecLending has auctioned more than US$1 trillion in assets. It holds offices in Boston, London and Burlington, Vermont.
06/03/2007
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Investments
The outgoing chief investment officer of AustralianSuper Mark Delaney said one of the biggest regrets he will have as he leaves the $410 billion fund is not going overweight on the AI and digital thematic in public markets sooner, as the nation’s most powerful allocator reflects on the investment case of the technology sector in the superannuation summit in New York last week.
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