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.
In 2024 AMP became the first Australian super fund to commit to cryptocurrency after the asset class won “institutional legitimacy” from the US Securities and Exchange Commission. AMP head of portfolio management Stuart Eliot explained to the Fiduciary Investors Symposium how AMP broke new ground, and the process behind its inclusion.
Lachlan MaddockJune 20, 2025
