Sell 'rainy day' portfolio or cut expenditure, Auckland councillors told
Sell or cut expenditure - simple pragmatism.
Two hundred million dollars of Auckland Council’s $329 million “rainy day” diversified asset fund is likely to be sold at $100 million a year over the next two years to pay debt or fund infrastructure.
The diversified asset portfolio made up of shares, bonds, cash and currency hedging, providing
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Sally Lindsay
Fri, 13 May 2016
Fri, 13 May 2016
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Sell 'rainy day' portfolio or cut expenditure, Auckland councillors told
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