The Guardians of New Zealand Superannuation has named a new manager for NZ equities for the NZ$55 billion fund.
Joe Halapua has taken the role, where he will be responsible for managing the active internal New Zealand equities portfolio under the New Zealand equities mandate and the Guardians’ NZ equities team.
Mr Halapua joined the public entity in 2011. His most recent role has been chairing the risk committee and he has worked across both the direct investment and external investments and partnerships teams managing a portfolio of mandates and investments.
He currently is on the board of Australian retirement village operator RetireAustralia and also chairs its audit committee.
Prior to this, he worked in Auckland as an investment banker at Goldman Sachs JBWere, where he was involved in mergers and acquisitions and capital market activity across New Zealand and Australia.
The NZ equities team allocates capital primarily to listed investments across the NZX 50, through active stock selection. It is part of the direct investments team, with Mr Halapua to report to Will Goodwin, head of direct investment.
The NZ Super Fund is one of the largest investors in NZX-listed companies, with around NZ$2 billion invested, and holdings of more than NZ$100 million in companies such as a2 Milk, Fisher & Paykel and Auckland International Airport.
The Guardians managed the fund’s local equities investments through an in-house team as well as external managers: Mint Asset Management and Devon Funds Management.
Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth.
Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio.
You can contact her on [email protected].