The Auckland Future Fund (AFF), a New Zealand based investment entity that was established in 2024 as part of Auckland Council’s long-term plan, can now add catastrophe bonds to its nascent portfolio as its governing board approved an investment policy that includes cat bonds as an allowable alternative asset class.
The Auckland Future Fund (AFF) has been established to manage financial investment for the benefit of the current and future communities of the Auckland region, with a goal of protecting the value of intergenerational financial investments and add diversity by investing across different entities, sectors and locations.
The Auckland Council governing board last week signed off on a draft Statement of Investment Policy and Objectives for the fund, as it moves towards making its first investments for the portfolio.
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