News

NZ Super appoints portfolio investment head

New Zealand flagNew Zealand’s sovereign wealth fund New Zealand Superannuation (NZ Super) has named Pablo Sosa as head of portfolio investments. The appointment is a promotion for Sosa who was most recently a portfolio manager for credit and regulatory capital. He replaces George Crosby who was appointed as general manager, portfolio completion in June 2021. In addition to leading the portfolio investments team, Sosa will be expected to “drive the tactical credit opportunities mandate”, according to an NZ Super statement. The appointment follows a US$100 million investment made by NZ Super to the Climate Technology Fund run by real estate fund manager Fifth Wall. NZ Super referred to the fund as the “largest pool of capital focused decarbonising real estate”. The Sovereign wealth fund has also joined the Net Zero Owners Commitment to support the transition to net zero carbon emissions. "This long-term commitment to decarbonising the NZ Super Fund represents a significant maturation of our existing climate strategy," said chief executive Matt Whineray. © 2021 funds global asia

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