13.03.2014 - Australia funds eye liquid investments
Australian fund managers are eying an increasingly liquid market: water. A state-run system giving farmers fixed allocations for river water flowing into the country’s agricultural heartland is tempting speculators to buy up those rights in anticipation of higher prices. A specialist fund manager, Blue Sky Alternative Investments Ltd., recently raised 20 million Australian dollars (US$18 million) to pour into the fledgling market, following earlier moves by San Diego, Calif.-based Summit Global and VicSuper, one of Australia’s biggest pension funds...............................................Full Article: Source
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