Capital Allocators – Inside the Institutional Investment Industry Matt Whineray – Leading New Zealand Super Fund (Capital Allocators, EP.108)
Sep 9, 2019
Matt Whineray, CEO of the New Zealand Superannuation Fund, discusses leading one of the top global investment allocators managing NZ$42 billion. He shares insights into the fund’s innovative investment philosophy, emphasizing risk management and ESG integration. The conversation explores dynamic investment strategies, including a unique 80-20 assets allocation, and the importance of active management in New Zealand's equity market. Whineray also touches on personal interests like snowboarding, illustrating the balance between professional and personal growth.
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Career Path
- Matt Whineray started as a lawyer, then transitioned to investment banking, working in New York, Hong Kong, and New Zealand.
- He joined New Zealand Super Fund in 2008, initially in private markets, before becoming CEO.
Super Fund Origins
- The New Zealand Super Fund was created in 2001 to pre-fund future pension costs, starting with no capital.
- It received regular government contributions until 2009, reaching $42 billion today.
Withdrawal Timeline
- The fund aims to smooth pension costs over a 40-year period, with withdrawals starting in the mid-2030s.
- Significant withdrawals begin in the mid-2050s, but the fund is projected to keep growing.