| The chief executive of the New Zealand Superannuation Fund, Adrian Orr, has reiterated his 'unshakeable belief' in taking a long-term view for investment. It comes after - although not in response to - media criticism of losses the fund suffered in a loan investment to a Portuguese bank.
The NZ$27 billion ($20.1 billion) fund, which late last year won one of AsianInvestor inaugural awards for institutional excellence in the field of governance, has been under fire at home for an unusual blemish on its record of investing, which it reported on February 19. NZ Super is widely recognised for having one of the most robust and respected investment processes among sovereign funds in Asia Pacific, with a reference portfolio for low-cost passive global exposure and a risk-allocation process for active investment decision-making...............................................Full Article: Source
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