There is soo much wrong with this I don’t even know where to begin!
Here is the firs thing for starters:
Neil Williams, Chief Investment Advisor and Head of Strategic Tilting
Neil joined the Guardians in 2008 from UBS Global Asset Management in London where he was Global Head of Asset Allocation and a Managing Director in Global Investment Solutions. Neil was previously Chief Global Strategist, Executive Director for Goldman Sachs International (London).
The New Zealand Superannuation Fund has been named the world’s most innovative government-owned investment vehicle at a finance industry event in New York.
The so-called Cullen Fund – named after former finance minster Michael Cullen who established it to pay for the pension funding shortfall as baby boomers hit retirement age – won the Sovereign Wealth Fund category in the 2012 aiCIO Industry Innovation Awards.
The fund’s management approach was recognised for its use of a passive reference portfolio, a benchmark the investment team must be certain they can beat before being allowed to buy in to an asset.
It was also commended for its transparency, consensus-based decision-making and shift away from a traditional asset allocation ‘bucket’ approach to investing.