Guardians of New Zealand Superannuation terminates Devon Funds Management mandate
POSTED ON: 14 November 2024
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The Guardians of New Zealand Superannuation, fund manager of the New Zealand Superannuation Fund, announced today that it had terminated Devon Funds Management’s New Zealand active equities mandate.
The Guardians appointed Devon in 2011; at 30 June 2024, Devon was managing assets valued at $NZ202 million, or 0.3 percent of the Super Fund’s total asset value.
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