NZ Super Fund Welcomes Introduction Of Venture Capital Fund Bill
The legislation will establish a new Venture Capital Fund, which aims to attract private sector investors to the domestic venture capital market and help innovative, knowledge‐intensive businesses to grow.
NZ Super Tweaks Investment Strategy After Volatile Year, Big Market Swings
Over the last 12 months, the fund has invested in data centers in North America, rural land, a portfolio of hotels and is "looking to increase exposure to equity factors."
Biological Warfare Is The Biggest Threat: Y Combinator's Sam Altman
Y Combinator president Sam Altman says people are not as scared about biological warfare "as they should be." Seven Silicon Valley entrepreneurs have bought bunkers in New Zealand, which has become a popular destination for tech millionaires worried about an upcoming apocalypse.
New Zealand To VCs, Managers Buying Up Its Land: No More
Over the last couple of years, a once well-kept secret began to gain traction in New York media outlets: wealthy American investors, including VCs and hedge fund managers, had begun snapping up tracts of land in New Zealand.
New Zealand Super Fund Appoints New CEO
New Zealand Superannuation has appointed its interim CEO Matt Whineray as the CEO of the $28 billion fund, an appointment that followed a global, publicly-advertised search process conducted through an executive search firm.
How New Zealand Super Fund 'Leverages' Its Natural Advantage | CEO Adrian Orr | Exclusive Q&A
Adrian Orr is the chief executive officer of the New Zealand Superannuation Fund, which manages 37.2 billion New Zealand dollars. It reported a 20.7 percent return for fiscal 2017, making it one of the best-performing sovereign wealth funds in the world. In this interview, Orr discusses the growth factors associated with the fund's impressive returns; what it's like investing through the lens of an economist; and how sovereign wealth funds leverage their natural advantages of long-term horizon, liquidity and operational independence.
New Zealand Government Appoints New Reserve Bank Governor
The New Zealand government named pension fund chief Adrian Orr as the nation’s new central bank governor, sharply lifting the local dollar as markets bet a radical shake-up of monetary policy will be avoided when changes come into force next year.
New Zealand Super Fund Posts Returns 20.7% In 2017
The New Zealand Superannuation Fund posted a 20.7% return (after costs, before New Zealand tax) for a 12-month trailing period ended June 30, 2017. A good portion of the return was carried on by a prolonged rally in global equity markets. When it came to surpassing the passive benchmark, NZ Super outperformed by utilizing its strategic tilting program.
The Harvard Yard Sale: Private Equity, Real Estate And New Zealand Dairy Farms
Private-equity giant KKR nears $70 million deal for some of the endowment’s farm holdings, including 8,500 acres of dairy farms on the South Island of New Zealand
New Zealand VC, PE Activity On The Rise
An increase in total buy-out investments proved a big factor in the growth through 2016 of the private equity and venture capital market in New Zealand. It concludes that fund-raising activity there has reached a milestone, hitting again a levels not seen since 2007. Here are the dominant sectors for VC activity.