Invest Like the Super Fund

The Investment Policy Statement

“Te Kaitiaki Tãhua Penihana Kaumatua õ Aotearoa.” —The New Zealand Super Fund, in Mãori The final strategy Te Kaitiaki Tãhua Penihana Kaumatua õ Aotearoa follows (at least for purposes of this series of blog posts) is to create and follow religiously an investment policy statement (IPS). The Super Fund—switching back into English—calls its IPS a …

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Responsible Investing

We are observing how one of the world’s most successful investors—the New Zealand Super Fund—manages its capital, and considering whether we might not mimic some of what the Fund has been doing. The idea is to improve our own returns both on an absolute basis and on a risk-adjusted basis. Here are two more strategies …

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Are You Really Able to Think and Act Long Term?

Investing like the New Zealand Super Fund is surprisingly easy—in concept. In practice, of course, it’s devilishly difficult. Otherwise, we’d all be rich. To see why this is the case, let’s examine some of the key features of the Super Fund’s investment approach. Thinking and acting long term. We pointed out last week that merely …

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