NZ Super Fund shrinks ILS allocation by 5% to $607mn as cat bond holdings grow
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NZ Super Fund shrinks ILS allocation by 5% to $607mn as cat bond holdings grow

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The New Zealand Super Fund has decreased its ILS allocation by roughly 5% in US dollar terms to NZ$989mn ($607mn) in the year to 30 June, from NZ$1,028bn the year before.

The pension fund’s ILS investments had been on the rise for three consecutive years before this.

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