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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Fund Management/Administration

Australia’s Future Fund to be probed, senator says

Posted on 27 October 2009

From Bloomberg: Australia’s sovereign wealth fund will be investigated by the nation’s regulator over the sale of Telstra Corp. shares less than a month before a government threat to split the company, said Senator Steve Fielding. The Future Fund said it didn’t have access to private information.

The Australian Securities & Investments Commission will investigate whether the Future Fund was “tipped off” on the proposed separation of the country’s former phone monopoly, Fielding said in an e-mailed statement today……………………..Full Article: Source

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