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Sovereign Wealth Funds Briefing - Categorized | Performance

Australia’s Future Fund grows by A$3.6 bln, review reports

Posted on 02 October 2009

From Bloomberg: The Australian government’s so-called Future Fund pension fund generated revenue of A$3.6 billion ($3.1 billion) last year, an improvement from the prior year, the Australian Financial Review reported.

The government cannot use the money until after 2020, the newspaper said. Under rules governing the A$61 billion fund, earnings must be reinvested until enough money has accumulated to cover the pension liabilities for Australia’s public servants, the newspaper said……………..Full Article: Source


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