NZ Super Fund returns 13.89% in 2014, warns returns likely to wane

Wed, 28 Jan 2015

By Fiona Rotherham Jan. 28 (BusinessDesk) - The New Zealand Superannuation Fund, the sovereign wealth fund set up to help smooth the cost of universal superannuation between today’s taxpayers and future generations, returned 13.89 percent over 2014, ending the year at $27.54 billion, but warns lower returns are ahead. Last year's return exceeded the 12.42 percent return for its passive reference portfolio benchmark and a 3.08 percent return for Treasury bills, which is the measure of the cost to the government of contributing to the fund...

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