NZ Super's stake in Kathmandu falls below 5%

Mon, 04 Jul 2016

By Edwin Mitson July 4 (BusinessDesk) - The New Zealand Superannuation Fund is no longer a substantial shareholder in Kathmandu Holdings after Mint Asset Management used a 16 percent jump in the share price last Thursday to sell. Mint was appointed by the NZ Super Fund to manage its bespoke New Zealand active equities fund in 2015. Shares in the Christchurch-based outdoor retailer soared on June 30 when the company raised its expected profit forecast to $32 to $35 million from its previous forecast of $30.2 million. Its shares were t...

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