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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Investment

Future Fund to take flight with $2bln airport push

Posted on 16 January 2013

The federal government Future Fund has been given approval to spend $2 billion buying stakes in a range of Australian and European airports. Investors in the Hastings Fund Management-controlled Australian Infrastructure Fund (AIX) on Tuesday voted to sell its holdings in the sought-after airport assets to the Future Fund.
The vote means the Future Fund can take control of AIX’s stakes in Perth Airport, Queensland Airports, Northern Territory Airports and the Australian Pacific Airports Corporation, which owns Melbourne and Launceston airports………………………………………..Full Article: Source


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