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Tahua

Tahua

Tupu Angitu

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Tupu Angitu oversees the Lake Taupō Forest Trust’s growing commercial interests and asset base – now valued at more than $500 million. 

While their primary focus is forestry, Tupu Angitu has other related and unrelated investments as it seeks to grow the business. 

My brave warrior!

An exclamation by Te Heuheu Tukino in praise of his son Te Naeroa: Be Brave, Be Bold

Tupu Angitū was established as Lake Taupō Forest Trust’s commercial arm in 2019, overseeing  and growing the Trust’s commercial interests and asset base – now valued at more than $500 million.

The separation enables Trustees to focus on land, cultural, social and charitable matters.

The Trustees encouraged Tupu Angitū to “be bold” so the company draws inspiration from the whakatauki above and the legacy created by original landowners through to modern-day Trustees.

The executive and board of directors, supported by an Investment Committee and trustee advisors:

  • Ensure our Group Vision and Mission Statement, our Ngā Pou e Wha, Kaupapa framework and our Te Ao Māori worldview is the framework and basis for all our decision-making
  • Follow best-practice governance, portfolio and treasury management
  • Maintain the real capital value of our asset base
  • Maintain an overall risk level that is sufficient to achieve our strategic and investment objectives
  • Maintain an appropriate asset allocation
  • Have a sustainable distribution policy
  • Understand and demonstrate the application of prudent investment principles and processes
  • Establish processes and frameworks that ensure a high level of accountability.

Ngā pou e wha

Pou Tikanga
Mana Whakahaere

Our mana whakahaere fosters behaviours and relations that positively impact our people, increases our land area, enhance and builds our whakapapa and whanaungatanga connections.

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Pou Tāhua
Financial

Investments that deliver for the present and the future, with growth aspirations to achieve an annual return of 6.4% (over 10 years) and 7.2% ( over 30 years).

Pou Whenua
Taiao

Sustainable and ethical investments and activities that are consistent with our tikanga as indigenous Māori, Tūwharetoa and our intergenerational understanding of taiao care and protection.

Pou Tangata
People

Creating meaningful benefits for our people through investment into local businesses - local procurement, local salaries, increased number of Tūwharetoa employed and increased number of new jobs created.

The board of directors have significant governance and commercial experience both in New Zealand and globally across a range of sectors. The current board of directors is Temuera Hall (chair), Mawae Morton, Tina Porou, Pahia Turia and Kerensa Johnston. The chief executive is Olivia Poulsen.

Key investments

Tupu Angitu manages the Trust’s forestry estate and investments in:

  • NZ Forest Managers, our forestry management company jointly owned with Like Rotoaira Forest Trust
  • Lake Taupō Forest Management, and through this, Hautu Rangipo Whenua
  • The Weighbridge Company
  • MyFiduciary, a financial advisory company which merged with IwiInvestor which was owned by the Trust
  • Bonds in the Sky Waka at Whakapapa Skifield
  • Geo40, which is developing new technology for the extraction of silica and lithium from geothermal fluids
  • Oriens Capital, Te Puia Tapapa, and a number of other managed funds and investments
  • New Civic Centre Building in Taupō

Lake Taupō Charitable Trust

Forest Access

The Lake Taupō Charitable Trust (LTCT) was formed in 1997 to provide grants to the owners of Lake Taupō Forest Trust and their descendants for: 

  • The promotion of health, social, cultural, and economic welfare 
  • The provision of grants for educational purposes 

The main grants administered by the Charitable Trust are the kaumatua grant, education grants and the paramountcy grant which is an annual payment to Ariki Tumu te Heuheu as an acknowledgement of his tribal leadership in Ngāti Tūwharetoa. 

More information about these grants can be found on our Administration and Grants page

Lake Taupō Forest Management

Lake Taupō Forest Management (LTFM) is a company which acts as forestry adviser. LTFM is owned 70 per cent by Lake Taupō Forest Trust and 30 per cent by Lake Rotoaira Forest Trust.

LTFM’s role is to ensure that all land and forestry-management work is done to the Trust’s satisfaction and to agreed standards. This includes overseeing the Trust’s investment in Opepe Forest and Hautū Rangipō Whenua lands.

The role also explores a range of related development opportunities and strategies, including forest expansion, downstream marketing and processing opportunities for the Trusts.