ACC's negative investment return still beats its benchmark

ACC chief investment officer Paul Dyer. (Image: ACC)

Fri, 04 Nov 2022

Accident Compensation Corp reported some of its worst investment returns for the June 2022 year, with an overall negative return of 9.2%.However, those losses were smaller than the minus 10.3% return of its benchmark, which the state-owned workplace insurer's investment team have managed to outperform in 28 of the past 30 years. Accident Compensation Corp's (ACC) chief investment officer, Paul Dyer, said that corresponded to about $500 million of added value.“The negative side was that we’ve had our worst absolute retur...

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