Super Fund grabs another AMP man
AMP Capital has lost its chief investment officer, Tore Hayward, who is following his predecessor Paul Dyer to the New Zealand Superannuation Fund.
Wednesday, January 25th 2006, 6:46AM
He resigned from AMP last year and finished up with the firm yesterday. Hayward (pictured) starts at the super fund next Tuesday. The NZ Superannuation fund has 10 other staff and currently manages more than $8 billion.
The Super Fund began investing in October 2003 and has generated a rate of return since inception of 13.40% annually against the risk free rate of 6.01%.
Hayward, joined AMP in 2003 as New Zealand fixed interest strategist, and then replaced Dyer as chief investment officer in 2004 when the latter joined the Super Fund.
Before joining AMP, he worked in the Reserve Bank's foreign reserves management team, in wholesale investment management for ANZ Asset Management, as investment strategist for Tower Asset Management, and headed up the Accident Compensation Corporation's investment team. He also spent five years working as a fixed interest strategist for Fay, Richwhite & Co.
AMP says it has started looking for a replacement for Hayward.
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