10.01.2013 - Future Fund adds more US property to investment pie
The $80 billion Future Fund has stepped up its investment in the US property market with a $US350 million ($333m) stake in a fund investing in US residential apartments and a $US59m investment in Dallas-based property company The Howard Hughes Corporation. The investments, made last last year, are part of the Future Fund's move to expand its exposure to international property. The fund had more than $2 billion invested in the North American property market out of its total $5.1bn property portfolio as of the end of September...............................................Full Article: Source
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