Just last week the New Zealand Sovereign wealth fund known to us as the Cullen fund was awarded as the most innovative Sovereign wealth fund in the world. It beat The Kazakhstan oil fund and everybody thought this was great! Here is why it is not:
Just last week the New Zealand Sovereign wealth fund known to us as the Cullen fund was awarded as the most innovative Sovereign wealth fund in the world. It beat The Kazakhstan oil fund and everybody thought this was great! Here is why it is not:
There is soo much wrong with this I don’t even know where to begin! Here is the firs thing for starters: Neil Williams, Chief Investment Advisor and Head of Strategic Tilting Neil joined the Guardians in 2008 from UBS Global Asset Management in London where he was Global Head of Asset Allocation and a Managing […]
Around the world Pension funds are being exposed as underfunded and unable to cope with demand. In 2002 a Merrill Lynch investment and wealth management banker named Ira Bing took place on the first board of Guardians of a new founded Sovereign Wealth fund we now call “the Cullen fund”. He stayed on the board […]
As usual Max and Stacey nail it with their show. Something they touch on today is something I have been writing about recently: How all of a sudden all these pensions funds, now that they have to start to support the babyboomers who thought they had been wise to invest in all these newfangled safe […]
“Around 2002 in particular, various investment banks offered complex financial products with which governments could push part of their liabilities into the future,”
I was writing an article about the Cullen fund and the superannuation age of 65 and why John Key would want to keep it at 65 while the whole country can see the writing on the wall. While I was doing research for this post I tried to find out who were the financial advisors […]