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Sovereign Wealth Funds Briefing - Categorized | Performance

Superannuation fund rises above break even

Posted on 18 June 2009

From Stuff.co.nz: The New Zealand Superannuation Fund made a profit 3.47 per cent, or $587 million in May, the same month the Government turned off the tap of contributions for the next decade.

The Labour government had planned to put about $2 billion a year in the “Cullen fund” to build up a fund that would partly pay for pensions………Full Article: Source


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