| The New Zealand Superannuation Fund, which was set up to pre-fund baby boomers' pension liabilities, is in talks to sell a group of North Island forests, though negotiations to buy out Harvard University's endowment fund stake in the Kaingaroa forest have stalled.
The Cullen Fund, so-called for its architect former Finance Minister Michael Cullen, had 11 forest estates valued at some $91.1 million available for sale as at June 30, according to its annual report. The fund sought offers for land, forest crop and carbon credits in April and received bids in May...............................................Full Article: Source
|