The NZ Super Fund continued to perform above its benchmarks in the June 2018 financial year, finishing $4 billion up at $39 billion.
NZ Super Fund
Fresh from proposing to develop & fund Auckland’s light rail line from downtown to the airport, the NZ Super Fund has added another expansion capital investment to its $38 billion portfolio, investing $US65 million in cloud-based US waste & recycling technology company Rubicon Global Holdings LLC.
Transport Minister Phil Twyford & Finance Minister Grant Robertson announced on Wednesday that Cabinet had agreed to launch a procurement process for the Auckland rapid transit light rail network.
The Reserve Bank left the official cashrate unchanged at 1.75% yesterday, but this nudging along of economic policy doesn’t sit well with the man with the most influential say on future directions, NZ First leader Winston Peters.
The Guardians of NZ Superannuation, the Crown entity that manages the NZ Super Fund, has published a paper on its strategic tilting programme for investment.
The NZ Superannuation Fund has agreed the sale of its investments in 5 offshore private equity real estate funds to investment funds advised by affiliates of Partners Group AG.