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NZSF Guardians appoint first manager and make first farm purchase under Rural Land Strategy

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According to the press release, “The Guardians of New Zealand Superannuation have today announced the appointment of FarmRight as an investment manager and the acquisition of a dairy property in West Otago as the first concrete steps in executing their Rural Land strategy.

The dairy property is in West Otago – approximately 100km west of Dunedin – and the Guardians are the sole, 100% purchaser.  FarmRight is an independent dairy-farming management and consultancy company with offices in Lumsden, Lincoln and Otorohanga.  FarmRight’s portfolio contains 42 dairy farms covering more than 12,000ha and 34,000 cows.  The Guardians’ General Manager, Investments, Matt Whineray, said that FarmRight had been appointed as a manager under the Rural Land Strategy because of its experience, track record; and its strengths in risk management and in adding investment value through making operational improvements to dairy farms.

“We have appointed FarmRight after an extensive due diligence process, which included assessments of their ability to manage, among other things, profitable pasture-based farming systems, costs, health and safety, animal welfare, environmental compliance, and financial budgeting and reporting to the standard we require,” Mr Whineray said.

The Guardians of New Zealand Superannuation have today announced the appointment of FarmRight as an investment manager and the acquisition of a dairy property in West Otago as the first concrete steps in executing their Rural Land strategy.  The dairy property is in West Otago – approximately 100km west of Dunedin – and the Guardians are the sole, 100% purchaser.  FarmRight is an independent dairy-farming management and consultancy company with offices in Lumsden, Lincoln and Otorohanga.  FarmRight’s portfolio contains 42 dairy farms covering more than 12,000ha and 34,000 cows.

The Guardians’ General Manager, Investments, Matt Whineray, said that FarmRight had been appointed as a manager under the Rural Land Strategy because of its experience, track record; and its strengths in risk management and in adding investment value through making operational improvements to dairy farms.

“We have appointed FarmRight after an extensive due diligence process, which included assessments of their ability to manage, among other things, profitable pasture-based farming systems, costs, health and safety, animal welfare, environmental compliance, and financial budgeting and reporting to the standard we require,” Mr Whineray said.”

Source: NZSF Press Release

Mauritius Aims to Sell Citizenship and Passports to Bolster National Wealth Fund

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The island country of Mauritius plans to offer foreigners a chance to obtain country citizenship in exchange for a non-refundable contribution of US$ 1 million to the national sovereign wealth fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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CapitaLand Aims to be a Real Estate Funding Machine

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CapitaLand Investment Management, a real estate investment management arm of Singapore-based CapitaLand, hired Caleb Shen as managing director for fund management. CapitaLand is keen on growing its real estate fund management business. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Treasurer Perrottet Reveals the NSW Generations Fund

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New South Wales wants its own Future Fund.

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