Opinion
If you want to read a proper, glossy investment report check out the latest annual offering from the New Zealand Superannuation Fund (NZS).
This report has it all, from sweeping statements about NZS costs (64.5 basis points of fund assets in year to June 30, 2011, up
12.5 basis points compared to last year) to a dinky little graph illuminating the 'impact of risk on volatility of fund returns' and its exposure to the Polish Zloytch ($28.52 million).
Along the way you can find out where all the money is (well-diversified), why it moved to new premises (21 Queen St, Auckland), and how much NZS staff were paid (top-earner taking home over $700,000 in total remuneration in the 2010/11 year).
Elsewhere, the NZS recycling and rubbish reduction targets are discussed.
"As we have moved into new premises we will be conducting a waste audit which will establish a new baseline. In the new building we separate food/organic waste, recyclables such as glass, cans and certain types of plastic and landfill rubbish," the report states. "We already have some preliminary information which indicates that we produce close to 500kg of waste a month."
