NZ Super CEO Whineray worried market volatility will spook govt

Wed, 10 Oct 2018

By Rebecca Howard Oct. 11 (BusinessDesk) - New Zealand Superannuation Fund chief executive Matt Whineray is more concerned the government will lose its nerve as financial markets get choppier than he is about any short-term losses. Stocks on Wall Street sold off last night, with the Dow Jones Industrial Average down 3.2 percent as global investors prepare for a new interest rate environment where the Federal Reserve is tightening monetary policy rather than flooding markets with quantitative easing. For the $40.72 billion Super Fund,...

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