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

Australia: A sovereign fund, a cure for everything

Posted on 26 August 2011

Whether it is rebuilding after the devastating impact of the summer floods on Queensland, or trying curb the affect of a strong Australian dollar on manufacturing and its workers, one issue keeps returning to the political debate - calls for the establishment of a sovereign wealth fund.
Treasurer Wayne Swan was again this week batting away such suggestions to ease upward pressures on a dollar that is crippling manufacturing, and a key factor that has led to the loss of 1000 jobs at BlueScope Steel as it shut down its export operations……………………………………….Full Article: Source


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