NZ Super Fund wanted govt's Venture Capital Fund siloed

Tue, 01 Oct 2019

By Jenny Ruth Oct. 1 (BusinessDesk) - The Guardians of the New Zealand Superannuation Fund opposed the government's Venture Capital Fund being part of the Super Fund and wanted it established as a separate vehicle with its own investment mandate, chief executive Matt Whineray says. The Super Fund's investment mandate is to invest to help fund New Zealand's future superannuation needs and "this has slightly different objectives," Whineray told parliament's finance and expenditure committee."You can't serve two masters." The Super Fund...

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