21.10.2008 - Future Fund splurges on banks
From Theage.com.au: The Future Fund has provided about $3 billion in capital for Australian and overseas banks and invested about $2 billion in high-quality Australian mortgages. General manager Paul Costello said Australian and overseas debt markets were attractive to the $63 billion sovereign wealth fund, particularly because of the upheaval in equities markets. But the lucrative investments did not outweigh losses on Australian and global shares..... Full Article: Source