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

The Future Fund’s influence

Posted on 01 March 2010

From Theaustralian.com.au: Future Fund boss Paul Costello has performed well in his three years at the helm but still seems blissfully unaware of the fund’s impact on the stockmarket.

In a luncheon address at the Melbourne Financial Services Symposium, Costello noted some of the recent weakness in Telstra’s stock price was sheeted back to the fact that the fund is now free to sell more its 11 per cent stake in the company…………………………………….Full Article: Source

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