| The New Zealand Superannuation Fund has been hailed as world’s top performing wealth fund by JPMorgan. Having generated returns of more than 17 percent a year, the nearly NZ$30 billion New Zealand Superannuation Fund is ahead of all its global counterparts, which have published figures, according to the analysis published in the Financial Times. New Zealand's Super Fund was set up in 2001 to pay for the costs of superannuation entitlements of New Zealanders.
“The New Zealand fund has a very interesting governance model. It is run by a group called The Guardians, who have a very deep belief in the power of long-term returns”, said Patrick Thomson, global head of sovereign wealth funds at JPMorgan. The last few years have been among the best years the fund experienced, noted Gavin Walker, NZ Super Fund chairma..............................................Full Article: Source
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