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Sovereign Wealth Funds Briefing - Categorized | Investment, Market, Performance

Future Fund splurges on banks

Posted on 21 October 2008

From Theage.com.au: The Future Fund has provided about $3 billion in capital for Australian and overseas banks and invested about $2 billion in high-quality Australian mortgages.

General manager Paul Costello said Australian and overseas debt markets were attractive to the $63 billion sovereign wealth fund, particularly because of the upheaval in equities markets. But the lucrative investments did not outweigh losses on Australian and global shares….. Full Article: Source


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