Scoop has an Ethical Paywall
LSV to Manage Global Emerging Markets Mandate
1 July 2005
LSV Appointed to Manage Global Emerging Markets Mandate
The New Zealand Superannuation Fund today announced that LSV Asset Management (LSV) has been appointed to manage a global emerging markets mandate.
This is the second mandate awarded to LSV, a Chicago-based employee-owned quantitative value manager. In March 2004 the firm was appointed to manage a portfolio of global large cap equities.
LSV replaces WestLB Asset Management (WestAM). As a result of staff departures within WestAM, the Board of the Guardians of New Zealand Superannuation decided to withdraw their mandate.
The Fund has approximately $245 million invested in global emerging markets, of which $120 million is managed by LSV. The other mandate is held by Citigroup Asset Management.
The appointment of LSV brings the total number of investment mandates to 23. The value of the New Zealand Superannuation Fund as at 31 May 2005 was $6.4 billion.
-Ends-
Gordon Campbell: Gordon Campbell On The Folly Of Making Apologies In A Social Vacuum.
Cooper Legal: Censorship Is Alive And Well In New Zealand
NZ Government: NZ Signs Trade Deal With Costa Rica, Iceland And Switzerland
Forest And Bird: Modernisation Of Conservation System Must Focus On Improving Conservation
NZCTU: Uniformed Defence Force Should Not Be Used As Strike Breakers
MetService: Damp Start To Canterbury Anniversary Weekend; Wet Start For Coldplay Fans In Auckland
RNZ: Senior Lawyers Call For Treaty Principles Bill To Be Abandoned
