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Sovereign Wealth Funds Briefing - Categorized | Performance

Super Fund still losing value

Posted on 24 September 2010

From Tvnz.co.nz: The Superannuation Fund, more commonly known as the Cullen Fund, made a paper-loss of $230 million last month. Movements in the fund’s asset allocations were fairly muted in what was a flat month for stocks, and most of the loss came from a bigger drain in its cash, collateral and foreign exchange hedges.
The fund made a loss of $431.5 million from the programme, bigger than July’s $159.2 million loss. It has some $16.21 billion under management……………………………………….Full Article: Source


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