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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, People

Australian sovereign wealth fund manager Mark Burgess resigns

Posted on 05 September 2013

Mark Burgess resigned as managing director of Australia’s Future Fund, the country’s A$89 billion ($81 billion) sovereign wealth manager. Burgess, 50, will remain in the role he took up in 2011 to ensure a “smooth transition” to his successor and then return to the private sector, the fund said.
Future Fund assets under management have expanded about 19 percent to A$89 billion as at June 30, the fund said in a statement on Sept. 2. The fund has achieved an average annual return of 6.2 percent since it was established in May 2006, according to the statement………………………………………..Full Article: Source


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