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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Future Fund “can’t save mortgage funds”

Posted on 20 March 2013

Future Fund chairman David Murray says it is not the role of the $63 billion fund to bail out troubled mortgage-based investment funds. Some mortgage-based investment funds have had to be frozen after they experienced an exodus of funds, following the federal government’s guarantee of bank deposits.
Market-linked funds are not covered by the guarantee. Last week, Prime Minister Kevin Rudd said that larger and more liquid institutions - including the major banks - could provide liquidity to various market-linked investment vehicles within the financial system by buying their securities………………………………………..Full Article: Source


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