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Australia’s wealth fund hunting for more property bargains

Posted on 22 October 2008

From Reuters: Australia’s A$63.4 billion ($44 billion) sovereign wealth fund will increasingly look for bargains in property and infrastructure to help cover future pension payouts, the fund’s manager said on Tuesday.

The government-run fund, called the Future Fund, is Australia’s largest single investment fund and was set up in 2006 to cover future public service pension liabilities. It still has about A$34.5 billion in cash assets….. Full Article: Source


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