The New Zealand Superannuation Fund, which was set up to partially cover the cost of a ballooning baby boomer pension bill, has been encouraged to bed in a series of organisational changes over the past few years, and implement a new policy managing its investment in derivative products. The two recommendations are included in the five-year review of the fund …
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NZ Super Fund allocates $40M for high-potential firms through Pioneer Capital
The New Zealand Superannuation Fund, which invests to fund the country’s universal state pension, will place $40 million in a new $150 million venture capital fund to finance fast-growing small to medium-sized businesses with global potential. The funds will be placed with Auckland-based Pioneer Capital, which already holds stakes in recently listed software company SLI Systems, boutique brewer Moa beer, …
Read More »NZ Super Fund sells 7.6 percent of Auckland Airport at 6.1 percent discount, raising $276 mln
The New Zealand Superannuation Fund sold 7.6 percent of Auckland International Airport for a 6 percent discount, raising $276 million and benefiting from a share price near a five-year high. The selldown was initiated by Morrison & Co Funds Management, which managed the investment for the fund. The sale was managed and underwritten by UBS New Zealand. The shares were …
Read More »NZ Super Fund returns nearly 20 percent in 2012
nvestment returns from the New Zealand Superannuation Fund, the country’s main savings vehicle to fund public pension entitlements, came in at 19.17 percent in the 12 months to Dec. 31, the fund’s guardians report. penis growth The monthly update shows the Fund finished the year at a record high value of $20.92 billion, up from $17.73 billion at the end …
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