Questions linger over Super Fund’s lost $US150m
“The Bank of Portugal is not going to pull a stunt like this without some foundation" - source.
When the New Zealand Superannuation Fund lent $US150 million to Banco Espírito Santo last July, its managers thought they were helping provide liquidity to the Portuguese banking system.
Yesterday, the taxpayer-funded super scheme revealed its investment is virtually worthless, unless it and its
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Duncan Bridgeman
Fri, 20 Feb 2015
Fri, 20 Feb 2015
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Questions linger over Super Fund’s lost $US150m
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