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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, Market

A Future Fund with a chequered past

Posted on 08 March 2012

It is yet to celebrate its sixth birthday, but Australia’s sovereign wealth fund, the Future Fund, has long attracted criticism. It courted controversy as early as 2007 when it awarded its back-office administration contract to a foreign company, US-based Northern Trust.
It emerged later that Northern Trust had been linked with US energy giant Enron, which collapsed in controversy early last decade. Northern Trust had acted as a trustee of the Enron staff pension scheme, which invested heavily in Enron stock………………………………………..Full Article: Source


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