| Australian state investor the Future Fund has been building up its exposure to private debt as part of a wider move into riskier fixed-income assets beyond its normal corporate bond allocation.
Corporate debt accounts for 17% of its A$85.2 billion ($81.5 billion) in AUM, and at the moment, the fund has no exposure to sovereign bonds, notes Mark Burgess, president of the fund. Private debt meanwhile represents around 5% of total assets, with the exposure provided by several credit fund managers. The fund is looking to take advantage of the inefficiencies in this market, said Burgess..............................................Full Article: Source
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