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According to him, Lehman's collapse alone cost the fund between four and five hundred million dollars.
Next came a $50 million shared agriculture fund between both nations, focusing on dairy, farming technology and micro-irrigation.
The group estimated that this approach could raise £4.5bn a year across the UK and fund between 80,000 and 170,000 new social homes.
Those who are nervous about investing their money in a new product could split their fund between a straightforward annuity and an IRP.
"Imagine," says Taaki, "you can create a fund between 10,000 people and watch the hive mind decide how to use that money.
Many of them will fund between 50 and 200 student groups, sports teams, and societies, and they also employ staff to help grow these activities.
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It was likely to end up funding between three and five such projects.
"Nonportability of pension funds between states is a big problem," he said.
The Australia Council has lost 13% of its funding between 2014 and 2015.
One explanation is the decision to only protect education funding between the ages of 5 and16.
There was still a wild disparity in funding between the measure's supporters and its opponents.
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