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Sovereign Wealth Funds Briefing - Categorized | Market, People

Fund can help us, says Peter Costello

Posted on 19 December 2013

Peter Costello has claimed a broader role for the $92 billion Future Fund he established as treasurer in the last years of the Howard government, declaring it a sovereign wealth fund to help the nation through “difficult days”.
But Mr Costello, appointed the fund’s acting chairman following the resignation of businessman David Gonski to become ANZ chairman, said the fund should only pursue investments that deliver a return, playing down suggestions it could be used for nation-building projects………………………………………..Full Article: Source


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