NEW ZEALAND - The Government Superannuation Fund (GSF) Authority has reported a pre-tax surplus of NZ$553m, representing a return of 14.9%.
Basil Logan, chairman of the GSF board, said that for the year ending 30 June 2007, the fund’s surplus after tax, had exceeded the Investment Performance Measure (IPM) over the year by 5.8%; and ov...
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