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Sovereign Wealth Funds Briefing - Categorized | Market, Performance

Future Fund dented by financial storms

Posted on 20 October 2008

From Theage.com.au: The value of the Future Fund shrank in the September quarter as Australia’s sovereign wealth fund was buffeted by the global financial storm.

The fund’s value ”was slightly reduced” in the quarter, Finance Minister Lindsay Tanner told Question Time in Parliament, without disclosing the size of the reversal.The value of the fund totals $63.4 billion, about 0.2% less than when it started in July 2007, Mr Tanner said…… Full Article: Source


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