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Sovereign Wealth Funds Briefing - Categorized | Financials

Future Fund reveals $500mln in extra fees

Posted on 05 November 2012

Australia’s $80 billion Future Fund has spent almost $1 billion in fees in the past year, which is more than double what was previously disclosed.
A decision by the Future Fund to become more transparent with its reporting revealed more than $500 million of additional costs, and shone a spotlight on Australia’s $1.4 trillion superannuation industry. It also raises questions about the true size of the fees the sector pays, amid calls for more transparency in relation to costs, remuneration, conflicts of interest and financial statements………………………………………..Full Article: Source


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