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Sovereign Wealth Funds Briefing - Categorized | Performance

Super Fund grows for third month

Posted on 29 November 2010

From Tvnz.co.nz: The New Zealand Superannuation Fund has reported its third straight monthly gain in October, growing $454.9 million. The so-called Cullen Fund, named for its architect Labour Finance Minister Michael Cullen, made a 2.7% return last month, made up mostly from turnarounds in its cash, collateral and currency hedging programmes.

Established to partially fund the universal pensions of an ageing population, the fund’s investment in global bonds grew to $1.33 billion from $1.12 billion in September…………………………………….Full Article: Source


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