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

A nest egg for the country could be just what Labor needs

Posted on 07 September 2011

Julia Gillard missed an opportunity to think big for a modern-day Labor party with her recent rejection of a sovereign wealth fund. It’s clear that Australia will miss out from that decision. We have no shortage of economists and business leaders who will argue that Australia should set up a fund to capture the historic windfalls of the country’s most sustained mining boom.
But the Prime Minister’s speech to the Financial Services Council last week suggests Labor is missing out too……………………………………….Full Article: Source


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