#Hedgefunds don’t recruit from @NZSuperFund!? @VernonSmall @TaxpayersUnion

If the NZ Super Fund was any good at investing, rival investment houses will soon poach their staff to learn the secrets behind their self-proclaimed ability to beat the market.

Investment staff turnover at the NZ Super Fund is so low that you suspect they are overpaid.

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Source: New Zealand Superannuation Fund, information released under the Official Information Act.

The Fund has no information on whether hedge funds head-hunt their staff but I think it might have got out in gossip if someone had a spectacular pay rise at their next job.

What do hedge fund managers do for their pay?

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If @NZsuperfund really could beat the market this is what they would be paid @JordNZ

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Index Funds: The 12-Step Recovery Program for Active Investors

@RusselNorman @JulieAnneGenter a hedge fund specialises in shorting renewable energy shares @Greenpeace

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Just as the Vice Fund specialises in investing in tobacco, alcohol, gaming and defence shares, Cool Futures Funds Management is starting-up to specialise in betting against global warming by shorting green stocks:

…instead of renewables being our energy future, they’re betting on the subsidies drying up and the whole industry collapsing; instead of fossil fuels being left in the ground as “stranded assets”.

An example of the nice little earners this hedge fund can come across is anticipating when particular investors will want to disinvest from fossil fuels.

When institutional investors ranging from universities to sovereign investment funds such as the New Zealand Superannuation Fund seek to disinvest from fossil fuels, that will be a good time to buy cheap shares.The

If bureaucrats were any good at picking winners, they would be hedge funds managers

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