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Sovereign Wealth Funds Briefing - Categorized | Investment

Future Fund holding firm

Posted on 17 December 2008

From Theage.com.au: Telstra’s biggest shareholder has resisted weighing into debate over the performance of the telecommunications carrier’s management, with the $64 billion Future Fund saying it remains comfortable with its exposure to the company.

With the Future Fund no longer facing restrictions on the level of its $8.5 billion stake in the telco, the fund’s chief executive, Paul Costello, yesterday noted that the government-mandated investment fund was a natural seller of Telstra over the longer term. But he declined to outline a time frame or extent of a selldown….. Full Article: Source


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