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

Fund’s risky course to weather storm

Posted on 25 February 2009

From News.com.au: The Federal Government’s $60 billion Future Fund will have to take on greater risks to meet its long-term growth target despite the global financial crisis, the head of the fund’s management agency says.

Paul Costello has told a Senate estimates hearing the fund has been forced to buy risky assets to generate a minimum return of inflation plus 4.5 per cent. “We are in the business of having to buy risky assets,” Mr Costello said….. Full Article: Source


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