The pension fund’s ILS investments had been on the rise for three consecutive years before this.
NZ Super Fund shrinks ILS allocation by 5% to $607mn as cat bond holdings grow
![nz_new_zealand_super_fund_2022_logo_auckland.png](https://assets.euromoneydigital.com/dims4/default/c4feb47/2147483647/strip/true/crop/620x380+0+0/resize/840x515!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2Fdd%2Fc8%2F944b0ffc4749b0f81af141c83093%2Fnz-new-zealand-super-fund-2022-logo-auckland.png)
The pension fund’s ILS investments had been on the rise for three consecutive years before this.