Bill English praised the Cullen Fund on its 10th anniversary yesterday: “The New Zealand Superannuation Fund is recognised as one of the best-structured sovereign wealth funds in the world”. He noted it has achieved an average return of 8.84%, well above its target. He failed to mention that he opposed the Fund being created and that he suspended contributions to the Fund at the worst possible time. And he still doesn’t want to resume them for 7 years.
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