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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, Trends

Push for wealth fund to cash in on boom

Posted on 18 February 2011

From Smh.com.au: Support is growing for the creation of a sovereign wealth fund to invest the proceeds of the mining boom. The Herald surveyed Australia’s business leaders before BHP Billiton, the world’s largest mining company, posted a half-year profit of $US10.6 billion.
The chief executives of Lend Lease, Tabcorp, Mirvac, CSL, Foster’s, Orica and Coca-Cola Amatil, and the chairman of Mirvac, Gloucester Coal and Pacific Brands all favour such a fund……………………………………….Full Article: Source


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