Pathfinder picks Scandanavian fund manager
Pathfinder has brought a Scandanavian fund manager to New Zealand to manage two of its funds.
Wednesday, April 22nd 2026, 9:31PM
After evaluating 70 managers Pathfinder has picked Nordea Asset Management as the sub-investment manager for its Responsible Investment Fund and Global Water Fund.
Nordea is a recognised leader in Sustainable Investment, and has €325 billion under management.
"NAM emerged as the clear leader, offering a customised approach that allows Pathfinder to deliver world-class global equity capability to its clients without compromising its ethical framework," the company says.
The two Pathfinder portfolios will be managed by NAM’s Diversified Equity Team, which has worked together for over 15 years and currently manages over €80 billion in AUM in BetaPlus strategies. This partnership combines NAM’s expertise in sustainable and systematic investing with Pathfinder’s focus on ethical investing and long-term performance.
The portfolios will be managed using NAM’s BetaPlus framework, which goes beyond market exposure by combining quantitative portfolio construction with disciplined risk management and integrated sustainability. These solutions are designed to generate consistent excess alpha through repeatable active strategies, delivered in a cost-efficient manner.
The BetaPlus range comprises both traditional and sustainable building blocks, giving investors flexible and customizable solutions aligned with long-term investment objectives.
“We’re bringing a differentiated BetaPlus framework that blends alpha generation and risk management with sustainability integration," Nordea Asset Management Global Head of Distribution Christophe Girondel says.
Pathfinder Chief Executive John Berry says, "We selected Nordea Asset Management for their world-class quantitative and responsible investment expertise. By combining Pathfinder’s ethical standards with NAM’s global ESG horsepower and institutional-grade systems, we strengthen our mission to generate both individual wealth and collective wellbeing for our members. Ultimately, this partnership is expected to deliver more consistent global equity returns and stronger risk management to improve investment quality, without compromising Pathfinder’s ethical integrity."
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