Australian pension funds have more than 20% of funds in private assets on average.
KiwiSaver provider Booster has written down the value of its Booster Innovation Fund by $664,000 following a decision by one of the 44 businesses in the fund that it will be placed in liquidation.The firm cannot yet be named.The fund is a small part of the total Booster KiwiSaver...
The answer for KiwiSaver funds is in the margins.
The crescendo is building for more KiwiSavers to look further afield.