Super Fund names four more managers

Four more investment managers have been appointed to look after the New Zealand Superannuation Fund, bringing the total to 15.

New York-based Alliance Capital Management will manage a global equity growth portfolio with an initial allocation of $251 million.

Goldman Sachs Asset Management, also based in New York, will manage a US small-cap value portfolio. The initial allocation will be $39 million.

Grantham Mayo & Van Otterloo, based in Boston, will look after a portfolio of non-US small-cap securities with an initial allocation is $118 million.

WestAM Asset Management, based in London, has been appointed to manage an emerging markets mandate with $79 million.