February 2020             

Investment Managers Selected

With the PAA winding up and funds transfer completed in December 2019 the Trustees of the PAA Legacy Trust had invited four investment managers to make submissions regarding the management of the Trust investments.  The four Investment managers selected all had the necessary investment credentials but also the understanding and support of Financial Advisers.  Following detailed interviews with the short-listed managers the Trustees adopted a longer-term investment mandate for the Trust capital of $2,110,000 and selected both Jarden NZ and JMI Wealth as investment managers, each managing an initial Balanced investment portfolio of $1,055,000 each.