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.
6 March 2007 00:00
boston, generating, borrower’s, auctioned, burlington, returns, vermont, london, offices, approved, designated, eseclending
Investments
Colonial First State chief investment officer Jonathan Armitage says a shift away from reliance on US mega-cap tech stocks is reshaping portfolio resilience, with emerging markets, private debt and catastrophe bonds helping to drive returns across the portfolio.
Leave a Comment
You must be logged in to post a comment.