Nordea Asset Management has been awarded two ethical investment mandates by New Zealand-based Pathfinder Asset Management.
The firm will act as sub-investment manager for Pathfinder’s Responsible Investment fund and Global Water fund.
The appointments follow a selection process run by Pathfinder, with over 70 managers evaluated for ethical alignment, quantitative capability, and sustainability leadership.
The portfolios will be managed by Nordea’s diversified equity team, which has worked together for over 15 years and currently manages over €80bn in ‘BetaPlus’ strategies.
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The firm said its BetaPlus framework goes beyond market exposure by combining quantitative portfolio construction with disciplined risk management and integrated sustainability.
Christophe Girondel, global head of distribution at Nordea AM, said: “We’re proud to partner with Pathfinder Asset Management on this landmark mandate, marking Nordea Asset Management’s entry into the New Zealand market.
“Pathfinder’s strong commitment to ethical and ESG investing aligns closely with our own philosophy, and together we’re bringing a differentiated BetaPlus framework that blends alpha generation and risk management with sustainability integration.
“We look forward to supporting Pathfinder in delivering strong outcomes aligned with long-term sustainable investment goals.”
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John Berry, CEO and co-founder of Pathfinder Asset Management, added: “By combining Pathfinder’s ethical standards with Nordea’s global ESG horsepower and institutional-grade systems, we strengthen our mission to generate both individual wealth and collective wellbeing for our members.”
