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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments, Investment, Market

Future Fund invests US$3.6 bln in distressed assets

Posted on 30 October 2009

From Bloomberg: Australia’s $58 billion sovereign wealth fund increased its investments in distressed assets as it sought to profit from the global financial turmoil.

The Future Fund — set up to cover the cost of retiring lawmakers, judges and public servants — committed A$4 billion ($3.6 billion) to distressed private equity and debt investments during the year to June 30, it said in its annual report released today……………………….Full Article: Source

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