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.
Confused concepts and political ideology risk tainting Liberal MP Tim Wilson's parliamentary inquiry into stock market ownership concentration by superannuation funds, industry figures suggest.
Ben HurleySeptember 22, 2021
Investments
Balance of investments to tilt overseas as super funds grow
Ben HurleySeptember 10, 2021
