Wed, Oct 22, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

New Zealand’s sovereign wealth fund gained 26pct last year—thanks to the financial crisis

Posted on 10 October 2013

The New Zealand Superannuation Fund, the country’s sovereign-wealth fund, has averaged a solid 8.8% annual return since it was founded in September 2003. But it gained 19.2% in 2012 and 25.8% in the fiscal year ending in June 2013. How come? CEO Adrian Orr told Institutional Investor in an interview that the financial crisis forced it to think differently about how it invests money.
The fund used to simply decide how much to invest in an asset class—putting 20% of its total assets in bonds, for instance. And then it would typically sit on those investments. But after taking a hit during the crisis, the fund now splits its money two ways………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 14997 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
October 2014
M T W T F S S
« Sep    
 12345
6789101112
13141516171819
20212223242526
2728293031