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

CBA in favour of sovereign wealth fund backing

Posted on 18 February 2011

From Finnewsnetwork.com.au: Commonwealth Bank of Australia’s chief executive is strongly in favour of a Norwegian-style sovereign wealth fund, according to Fairfax Media. Ralph Norris reportedly said Australia should look to get a return from mining companies recovering resources.
Fairfax Media reports that chief executives from Lend Lease, Tabcorp, Mirvac, CSL, Foster’s, Orica, Coca-Cola Amatil as well as Reserve Bank governor Glenn Stevens are said to be in favour of a fund to ensure Australia benefits from the current mining boom in the future……………………………………….Full Article: Source


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