Z Energy Ltd shareholders Infratil Ltd & the NZ Superannuation Fund will realise a gross $840 million from their sale of 60% of the fuel retailer at $3.50/share.
NZ Super Fund
Z Energy Ltd shareholders Infratil Ltd & NZSF Aotea Ltd (for the NZ Superannuation Fund) confirmed their plans yesterday to list up to 60% of Z in August. They intend to list the company on both the NZX & ASX. The offer document was registered by the Registrar of Financial Service Providers yesterday. Infratil chief […]
Published 29 September 2008 The Cullen Fund – the NZ Super Fund – had a turnaround of almost $2 billion in the June year, from a $1.09 billion profit in 2007 to an $880.75 million loss this year. Pretax, the turnaround was $2.3 billion – from a $1.62 billion profit to a $716.5 million […]
Published 21 March 2006 The Cullen Fund (the NZ Superannuation Fund) has appointed the driving force behind Infratil NZ Ltd, Lloyd Morrison’s HRL Morrison & Co, to manage an infrastructure mandate. Morrison & Co Funds Management Ltd’s appointment takes the Super Fund’s number of external investment managers to 32. The fund has $9 billion invested, […]
Published 1 February 2006 The NZ Superannuation Fund (the Cullen Fund) has appointed Numeric Investors LLC & Bridgewater Associates to 2 investment mandates, taking to 28 the number of external investment mandates the fund has established since it began investing in September 2003. The fund value at 31 December was $8.4 billion. Numeric will manage […]
Published 5 November 2005 The New Zealand Super Fund has made 3 more timber investments on top of its October purchase of some Evergreen Forests Ltd estates. The new acquisitions are: Timber management rights to the Tahorakuri property near Wairakei, which has 5870ha of mature pine A timberland investment in the US state of Washington […]