Devon To Manage Kiwi Mandate

The New Zealand Superannuation Fund has appointed Devon Funds Management to manage its equities mandate.

The New Zealand Superannuation Fund has appointed Devon Funds Management to manage its equities mandate, Financial Standard reports. The New Zealand mandate is expected to be valued at $219.29 million.

The equities management firm will set up a group of five investment specialists in New Zealand to handle the superannuation fund money. Investments will be made in New Zealand equities, with partial provision for Australian equities.

Click here for the story from Financial Standard.

Click here for additional coverage from New Zealand Herald.

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