Chasing best practice key to NZ Super Fund’s success

Chasing best practice key to NZ Super Fund’s success
Matt Whineray has been at the super fund for more than 15 years. (Image: NZ Super Fund)
Paul McBeth
The New Zealand Superannuation Fund bounced back in the latest financial year and is still tracking ahead of its reference portfolio, adding about $15.1 billion of value above and beyond what a passive approach would have delivered since it was set up.The fund’s latest result shows a pre-tax return after costs of 11.87% in the year ended June 30, bouncing back from the sharp sell-off in bonds and equities in the prior year. That lagged behind the 12.03% return from its reference portfolio for the year.However, since its inception in 2003,...

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