| Western Australia state’s plan to set up a form of sovereign wealth fund, or SWF, has caught the eye of bankers here but it could stir up a hornet’s nest in Canberra.
The new fund could prove a boom for wealth managers and bankers hungry for new opportunities, but it’s early days yet. Among those in line will be existing managers to the Australian government-backed Future Fund including local and global institutions across equities, private equity, property, infrastructure and timberland, debt, alternatives, cash and overlay strategies...............................................Full Article: Source |