Australia/New Zealand

Industry Funds Management led a consortium of investors in acquiring the 99-year leases of two major Australian ports for $A5.07 billion ($5.3 billion).

Paul Griffiths will join First State Investments in London as chief investment officer, fixed interest and credit, effective July 1.

The New Zealand Superannuation Fund reported a 1.31% investment gain for the month of February, lifting the value of its portfolio to a record NZ$21.99 billion.

Martin Crowe, chief executive of Telstra Super, an A$13 billion Melbourne-based superannuation fund, will retire on Aug. 30.

The board of Australia's A$82.4 billion Future Fund announced a decision Thursday to exclude primary tobacco product manufacturers from the fund's portfolio.

The New Zealand Superannuation fund reported a 4.3% gain for January, lifting the value of the fund's portfolio at month's end to NZ$21.81 billion (US$18.2 billion).

Tim Mitchell and Chris Jagger will take on new posts at NZ$20.9 billion New Zealand Superannuation, overseeing the fund's investments in New Zealand equities and unlisted mandates.

Julie Andrews will join Vanguard Investments Australia as head of institutional sales and service.

The Australian Future Fund on Tuesday reported a 12.8% investment gain for 2012, lifting the value of the sovereign wealth fund’s portfolio to A$82.4 billion (US$86.1 billion).

Chris Corneil, Russell Investments' Australasia CEO, left the company Thursday after his position was eliminated in a restructuring.

The New Zealand Superannuation Fund Tuesday reported a 19.2% investment return for 2012, lifting the value of its portfolio to a record NZ$20.92 billion.