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Cullen Fund

NZ Super Fund rebounds

NZ Super Fund rebounds
Wellington, Oct 12 NZPA - The New Zealand Super Fund says it has benefited from the rebound in global equity markets, with a 15.45 percent return for the year ended June. That compared with a 22.1 percent slide a year earlier.

There A Big Dark Cloud Behind That Economic Silver Lining

There A Big Dark Cloud Behind That Economic Silver Lining
By Ian Llewellyn of NZPA Wellington, Dec 27 NZPA - The 2009 economic year ended far more brightly than it started, but the silver lining blinded many from seeing the very big dark cloud that lay behind it.

Taskforce Ideas Are Mainstream, Says Business NZ

Taskforce Ideas Are Mainstream, Says Business NZ
Wellington, Nov 30 NZPA - The recommendations in The 2025 Taskforce report released today are mainstream economics and are consistent with what the business community advocates, said Business New Zealand.

Govt Super Fund Reports Massive Losses For 2008/2009

Govt Super Fund Reports Massive Losses For 2008/2009
Wellington, Sept 24 NZPA - The Government Superannuation Fund has recorded a massive hit from the recession, reporting a $672 million loss on its investment activities for the year ended June. Its loss on investments a year ago was $210 million.

Super Fund Performance Does Not Cause Contribution Rethink

Super Fund Performance Does Not Cause Contribution Rethink
Wellington, June 3 NZPA - A rebound in the New Zealand Superannuation Fund's return will not lead to the Government rethinking its contributions suspension, Finance Minister Bill English said today.

Chris Ford: Watch Out For Thursday's 'Dark Grey' Budget

This week's budget from Finance Minister Bill English has already been labelled the most important budget since Roger Douglas brought down his first Rogernomics budget in 1984.

NZ Superfund Posts Negative Return

Wellington, Sept 29 NZPA - New Zealand Superannuation Fund went backwards by 4.92 percent in the year to June 30 because some of its international equity managers underperformed benchmarks and also because it built up a stake in Auckland International Airport.

NZ Superfund Reports Negative Performance

Wellington, Sept 29 NZPA - New Zealand Superannuation Fund, known as the Cullen Fund, reported a negative 4.92 percent return in the year to June 30.

Government Super Fund Records Deficit

Wellington, Sept 26 NZPA - The Government Superannuation Fund (GSF) has recorded an after-tax deficit of $260.9 million in the year to June 30, which it puts down to falling share markets. The deficit represents a minus 6.7 percent return on average assets.

Horror Week On Sharemarket May Flush Out Bargain Hunters

By Simon Louisson of NZPA Wellington, June 20 NZPA - It seemed like a worse week than it actually was. Each day this week the NZSX-50 gross index fell and it sank to its lowest level in 28 months. However, the percentage fall for the week was only just over 3 percent.

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