Should this analysis suggest that the fund should be short-selling oil and gas shares?
I haven’t written about the New Zealand Superannuation Fund (NZSF) for a while, and a well-informed reader has been encouraging me to get back to the economics of the Fund (and some of the important issues raised in a recent review paper). I will, but for now I remain of the view that the Fund is serving no useful purpose and should be wound up.
But while we have it, it needs to be run well.
One of the annoying aspects of the Fund is the way in which the Board and management get to take your tax money and mine, and invest (or not) in causes which they happen to find appealing. Of course, the Act isn’t written that way, but that is what it boils down to. I’m not too keen on my money being invested in abortion providers or private prison operators – just…
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