NZ Super appoints Del Hart as external investment head

Del Hart. Source: NZ Super Fund

The New Zealand wealth fund, NZ Superannuation Fund (NZ Super), has appointed Del Hart as its head of external investments and partnerships, replacing Fiona Mackenzie.

In an announcement, the Auckland-headquartered sovereign wealth fund said that Hart will be responsible for NZ Super Fund’s investment mandates with approximately 30 external managers, covering NZ$6.5 billion of assets in listed and unlisted markets globally.

She will report to Matt Whineray, Chief Investment Officer, and sit on the fund’s Investment Committee.

Prior to joining the fund as a Portfolio Manager in 2010, Hart worked for Russell Investments in New Zealand and Pictet Asset Management in London. She has also worked with Tower Managed Funds.

With a total size of NZ$37.2 billion and a rate of return of 10.5 per cent per annum, the fund is a New Zealand government savings vehicle to help pre-fund the future cost of universal superannuation.

The fund posted a return of 20.71 per cent for the year ended June 30, 2017, one of its best annual performances. Its earnings during the last year were on the back of a sustained rally in global equity markets and the fund’s “active investment strategies” that performed strongly during the year, adding value of 4.4 per cent or NZ$1.3 billion over its passive benchmark during the period.

In October, it acquired a 41.1 per cent cornerstone stake in life insurer Fidelity Life, investing a minimum $68.5 million (NZ$100 million) in the company.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.