Sam Stubbs, co-founder and public face of Simplicity, the not-for-profit KiwiSaver and fund manager, is in Oslo. He is not there to research possible investment opportunities for the fast-growing company, nor to examine how a socially progressive country tends its citizens’ finances. He’s there because he told his 18-year-old son, Ben, that if Ben applied himself to his studies, he would take him on a trip anywhere in the world. Consequently, the early morning Zoom call is backgrounded by Ben’s hunt for socks and a charger as he prepares to amble out for breakfast.
Stubbs and his partner, journalist Amanda Morrall, have a blended family made up of his two – Emma, 21, and Ben – and her two – Connor, 20, and Liam, 19. All are students. Morrall is one of Simplicity’s other co-founders, along with Andrew Lance and Amir Bashir.
It will probably reassure Simplicity’s 126,000 investors to know that the man overseeing their $4.3 billion in investments has their interests in mind, even on the other side of the world.
“Every single cent of it is someone else’s money and it’s a very big responsibility,” says Stubbs, “but I don’t consider it a burden. When you have 3000 investments in 23 countries, on any one day something’s going up and something’s going down. If you have diversified risk, nothing can hurt you too much. You tend to sleep well at night.”
Simplicity is run as a close-knit team including the founders, 30 staff and a changing roster of volunteers.
Denne historien er fra August 6 - 12, 2022-utgaven av New Zealand Listener.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra August 6 - 12, 2022-utgaven av New Zealand Listener.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
First-world problem
Harrowing tales of migrants attempting to enter the US highlight the political failure to fully tackle the problem.
Applying intelligence to AI
I call it the 'Terminator Effect', based on the premise that thinking machines took over the world.
Nazism rears its head
Smirky Höcke, with his penchant for waving with a suspiciously straight elbow and an open palm, won't get to be boss of either state.
Staying ahead of the game
Will the brave new world of bipartisanship that seems to be on offer with an Infrastructure Commission come to fruition?
Grasping the nettle
Broccoli is horrible. It smells, when being cooked, like cat pee.
Hangry? Eat breakfast
People who don't break their fast first thing in the morning report the least life satisfaction.
Chemical reaction
Nitrates in processed meats are well known to cause harm, but consumed from plant sources, their effect is quite different.
Me and my guitar
Australian guitarist Karin Schaupp sticks to the familiar for her Dunedin concerts.
Time is on my side
Age does not weary some of our much-loved musicians but what keeps them on the road?
The kids are not alright
Nuanced account details how China's blessed generation has been replaced by one consumed by fear and hopelessness.