NZ Super awards first merger arb mandate
Matt Whineray, chief investment officer of the New Zealand Superannuation Fund, says the $200 million strategy fits well with its long-term growth approach.
New Zealand Superannuation Fund has appointed a subsidiary of Ramius, the investment arm of US financial services firm Cowen Group, to manage a $200 million merger arbitrage mandate, effective from March 1.
This is the state pension’s first investment in merger arbitrage and will focus mainly on listed companies in Europe and North America.
Merger arbitrage aims to earn steady returns over the long term by realising value from targeted M&A deals across a broad range of indus…
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.