Behind NZ Super Fund’s record-breaking year

Behind NZ Super Fund’s record-breaking year
The NZ Super Fund has an all-out attack philosophy. (Image: Getty)
Australian Financial Review
It’s the Bledisloe Cup of sovereign wealth funds – Australia’s A$196.7 billion Future Fund up against the $58 billion (A$56 billion) NZ Super Fund.While both institutions have the same task of managing and growing the nation’s wealth, they deploy entirely different game plans.The Future Fund adopts a cautious approach, mindful of being exposed to large corrections and the pitfalls of a potentially hostile investing environment. It often holds large amounts of cash and at times positions its portfolio in a risk-averse way...

More Finance

ANZ admits 'unacceptable failure' as bond probe continues
Finance

ANZ admits 'unacceptable failure' as bond probe continues

Regulator is investigating the bank over its bond turnover data.

AAP 25 Jul 2024
ComCom will try to bring down PayWave, credit card surcharges
Finance

ComCom will try to bring down PayWave, credit card surcharges

Card industry tried to regulate itself, Govt has tried, now it is ComCom's turn.

Staff reporters 23 Jul 2024
Massive cyber outage cripples banks and other organisations worldwide
Finance

Massive cyber outage cripples banks and other organisations worldwide

A major cybersecurity outage has taken out computer-reliant services

Dileepa Fonseka 19 Jul 2024