Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


LSV Appointed to Manage Global Emerging Markets

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.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>


Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>