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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Future Fund has millions at risk with Alinta

Posted on 17 September 2010

From Theaustralian.com.au: The Future Fund has tens of millions of dollars invested in one of Australia’s largest power producers, which is teetering on the brink of collapse. The Australian has learned one of the funds that invests on behalf of the sovereign wealth fund Boston-based Sankaty Advisers is locked in a bitter stoush with fellow Alinta Energy Group creditors over the terms of a rescue plan and is threatening to derail efforts to save the company.

Alinta is a key player in the national energy market through its ownership of 12 power plants, its supply of electricity and gas to 600,000 West Australian households and its generation of close to 35 per cent of South Australia’s electricity needs…………………………………….Full Article: Source

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