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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Super Fund claws back some losses

Posted on 31 January 2012

The New Zealand Superannuation Fund, which was set up to help pre-fund a ballooning pension bill for baby boomers, clawed back some of its losses in December, in a tough first half to its current financial year.
The Cullen fund, named after its architect former Finance Minister Michael Cullen, made an absolute loss after fees and before tax of 5.3% in the six months ended December 31, posting just two monthly gains in that period………………………………………..Full Article: Source


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