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From Sydney-based Hatfield Liptak Advisors’ November newsletter:
Australian Sovereign Wealth Fund yet to invest in alternatives
Australia’s Future Fund had just 0.1% of assets allocated to alternatives as at 30 June 2008, far below its targeted 15% portfolio weighting.
However, the $63.4 billion sovereign wealth fund, (SWF) said in its recently released annual report that ‘we expect to make material progress in this category over 2008/09.’ A full 15% allocation would equate to $9.45 billion.
Mandates have been given to US based Oaktree Capital Management and Sankaty Advisors, while Canyon Capital Advisors LLC had been given commitment...................... To view our full article Click here
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