The Super Fund has started proceedings in the Portuguese courts, and court documents in a tandem English case have been released.
The Super Fund is down three fund managers including Milford this year; does it have the capacity to manage?
Milford surprised by Super Fund's decision to suspend it from managing its local active equity mandate.
Superfund's NZ active equities team reshuffled, as progress made to appoint an external manager to replace AMP.
NZ's pension fund has reached a monthly high in February, but stayed mum as to how its legal battle with a collapsed Portuguese bank is going.
Bank of Portugal said it analysed the appeal closely with the assistance of an external consultant.
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