NZ Super grows cautious over private asset additions
The sovereign wealth fund has become more cautious about private asset investing, worried that they may struggle to outperform its reference benchmark, net of an illiquidity premium.
New Zealand Superannuation Fund (NZ Super) is in the midst of conducting an extended bout of self-analysis, as it aims to ensure it remains market leading in its own governance and methods.
As part of this process the fund is considering its investment approach, and its own organisation.
One area in which NZ Super's investment team has become particularly cautious is in adding illiquid new assets. The sovereign wealth fund takes pains to ensure that prospecive new investments wi…
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