Generate closes in on $400m and hires portfolio manager

Posted by Sam Goldwater in Kiwisaver on

Auckland-headquartered boutique KiwiSaver scheme, Generate, has upsized its investment team with the appointment of Edward Glennie as senior portfolio manager.

In the newly-created position, Glennie would be supporting Generate CIO, Sam Goldwater, and CEO, Henry Tongue, primarily in global manager selection.

The almost $400 million Generate scheme has a large allocation to offshore equity managers, which currently includes marquee firms T Rowe Price, Magellan, Platinum and Berkshire Hathaway as well as three specialist UK listed investment trusts on its roster.

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