CEO of NZ fund issues warning

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NEW ZEALAND - The CEO of the New Zealand Superannuation fund has warned that the portfolio's recent strong performance which has seen it grow from NZ$10.1bn to $13.1bn is unsustainable every year.

The Guardians of New Zealand Superannuation released the report for the financial year ended 30 June 2007, and the fund's net return on investments for the financial year was 14.58% before New Zeal...

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