SWFI First Read, January 27, 2016
NZ Super Fund Returns 6.5% Over 2015
The New Zealand Superannuation Fund (NZSF) returned 6.5% over 2015. NZSF surpassed its passive Reference Portfolio benchmark, equivalent to a market return, by 2.8% or NZ$ 766 million during the 2015 calendar year. The sovereign wealth investor also more than doubled the return on New Zealand Treasury Bills, a measure of the Government’s cost of debt, exceeding it by 3.4% or NZ$ 934 million.
Temasek Looks to Sell Non-Core Assets
Singapore’s Temasek Holdings has been looking into selling more non-core assets and shares in its portfolios. Temasek may sell some ownership in Keppel Corp Ltd. or Sembcorp Industries Ltd. through rights offerings.
Lend Lease-ADIA Paya Lebar Project Gets Approval for 429 Apartments
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