Paul Dyer, who was let go as CIO of the $14 billion New Zealand Superannuation Fund in March, has emerged in a newly created advisory role with the country’s second-largest crown-sponsored investment entity.
A spokesperson for the Accident Compensation Commission (ACC) confirmed to I&T News that Dyer was now working “as an adviser within our investments team”. Dyer was made redundant from NZ Super in March this year following a restructure. NZ Super has since made a number of hires to fill new roles including Matt Whineray as head of private markets. The ACC provides personal injury cover for New Zealanders, managing an investment pool of roughly $8 billion – over half of which is allocated to fixed income instruments. ACC’s investment team, headed by Nicholas Bagnall, also manages its New Zealand equities portfolio in-house. However, ACC has awarded international equity mandates totaling about $2.5 billion with the largest single allocation of almost $1.3 billion given to Fidelity Investments.
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