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New Zealand Superannuation Fund Returns 3.65% During October

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Adrian Orr, CEO of the New Zealand Superannuation Fund

Adrian Orr, CEO of the New Zealand Superannuation Fund

The New Zealand Superannuation Fund (NZSF) released its monthly report today for the fund’s performance through October 13, 2013. According to the release, the superannuation fund returned 3.65% during the month compared to a 2.10% return the month prior. It has returned 9.44% per annum since its inception in September of 2003.

The newest gains put the fund size at NZ$ 24.79 billion (US$ 20.64 billion) up from NZ$ 23.93 billion (US$ 19.93 billion) in September.

Adrian Orr, chief executive of the NZSF, credits a contrarian approach to investing in delivering high returns post-crisis. Since last month’s report, the Fund has become a Substantial Security Holder (a person/entity that has a 5% or more interest of voting securities of a public issuer) in two New Zealand listed equities: Metlifecare, a provider of retirement villages in New Zealand and Tower, an insurance provider; the fund has taken 19.9% and 6.96% stakes, respectively.

Russia-Japan Investment Fund to Back Wood Pellet Production in Russia

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The Russian Far East has a lot of timber, and for that wood pellets is a source of biofuel. A while back, the Russian Direct Investment Fund (RDIF) formed the Russia-Japan Investment Fund (RJIF) with the Japan Bank for International Cooperation (JBIC). RDIF and JBICIG Partners as part of RJIF, together with RFP Group and Japan’s Prospect Co., Ltd. have agreed to collaborate and consider potential investments in Russia’s biofuel industry. JBICIG Partners is a subsidiary of the Japan Bank for International Cooperation.

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RDIF Lures Asian Investors Toward Russian Surgical Robot Project

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The Russian Direct Investment Fund (RDIF) is partnering with a number of unnamed Asian co-investors to allocate capital toward a project to create and manufacture Russian surgical robots. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Oman Infrastructure Investment Fund Near Creation

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The Oman State General Reserve Fund is nearing the formation of the Oman Infrastructure Investment Fund. This fund will raise capital from third-party investors to invest in Oman’s infrastructure and in certain areas of technology.

The fund will also invest in areas of technology in healthcare, specifically in medical equipment. The fund will also explore investing in blockchain technologies.

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