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Sovereign Wealth Funds Briefing - Categorized | Performance

Super Fund loses $319mln in currency fluctuations

Posted on 24 February 2010

From Nzherald.co.nz: The New Zealand Superannuation Fund went backwards last month when it was hit hard by fluctuations in the New Zealand dollar.

The fund, set up by the previous Labour Government to help pay for the future costs of retiring New Zealanders, lost $319 million, or 1.97 per cent, in January, dropping down to $15.65 billion………………………………….Full Article: Source

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