NEW ZEALAND - The Government Superannuation Fund (GSF) in New Zealand saw its deficit jump 123% in the year ended June 30, the scheme said today.
The post-tax deficit was NZ$583.3m this year, up form NZ$260.9m. Total returns for the 12-month period were -16.8%, more down from the -6.7% reported in the 12 months ended June 30, 2008. The...
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