Panel 1
First loss for NZ Super Fund
NZ$716.5 mln loss
Fund now worth NZ$14.1 bln
NZ$2.1 bln govt contribution
Nest egg for 2020s onwards
Panel 2
Started with 4 great years
Lost 4.9% last year
After global markets rout
Average over 5 years 10.3%
Average 3.5% above T-bills
Panel 3
Average 0.55% above passive
NZ$300 mln of added value
32% large global stocks
7.5% NZ stocks
10% Property
20% private markets
Panel 4
Lent to short sellers
But stopped now for financials
NZ Super CEO Adrian Orr
Everythings on sale
Load up the supermarket trolley
Panel 5
Dr Cullens one great legacy
Keep the Cullen Fund
Well managed
Apolitical
Great for NZ savings
My AMP super fund's value has declined over 20% in the past year, so the Cullen fund losing only 5% is a MUCH better record in the same market environment.
linuxluver 3 years ago