NZ Super Fund suspends Milford Asset Management

MIL OSI – News in Brief – The Guardians of New Zealand Superannuation, the manager of the New Zealand Superannuation Fund, has suspended the Fund’s mandate with Milford Asset Management until a Financial Markets Authority (FMA) investigation into Milford is completed. In the interim, the funds will be managed internally. Milford Asset Management was appointed to a New Zealand active equity mandate by the Guardians in 2009. The value of the mandate is NZ$281 million. ]]>