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Sovereign Wealth Funds Briefing - Categorized | Market, Performance

Future Fund $6bln and counting down

Posted on 21 October 2008

From Canberratimes.com.au: Australia’s $6 billion Future Fund has begun declining in value after growing by 1.5 per cent last financial year, as the effects of the global financial crisis take a toll on the Federal Government’s largest savings vehicle.

But figures issued by the Future Fund yesterday showed that, while stockmarket declines this year had led to an overall shrinkage of the fund by 0.2 per cent since the investment program began in July last year, the remuneration of fund executives was set to skyrocket by 500 per cent from 2007 to 2008…… Full Article: Source


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