“As they develop and improve their record then we add to their FUM. Matt’s been a beneficiary of that, John and Charlie have been beneficiaries of that.”
Over the last few years, however, Sevior’s FUM has only decreased.
1 February 2008 00:00
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Investments
A view that the US stock market is overvalued and equity risk premia will be lower over the long term has driven New Zealand Super to lower the return expectations for its reference portfolio following its recent five-yearly review of the benchmark.
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