| 30.10.2009 - US$15bln fund's happy anniversary |
| From Stuff.co.nz: Solid investment gains for September made for a happy sixth anniversary for the New Zealand Superannuation Fund, which has grown to $15.23 billion since its inception. Created in September 2003 to help pre-fund the future cost of superannuation, the fund endured a torrid time in the financial year to June, reporting a pre-tax loss of $3.2b after a 22.1 per cent drop in returns............................Full Article: Source |