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Sovereign Wealth Funds Briefing - Categorized | Market, Performance

US$15bln fund’s happy anniversary

Posted on 30 October 2009

From Stuff.co.nz: Solid investment gains for September made for a happy sixth anniversary for the New Zealand Superannuation Fund, which has grown to $15.23 billion since its inception.

Created in September 2003 to help pre-fund the future cost of superannuation, the fund endured a torrid time in the financial year to June, reporting a pre-tax loss of $3.2b after a 22.1 per cent drop in returns……………………….Full Article: Source

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