17.12.2008 - Future Fund holding firm
From Theage.com.au: Telstra's biggest shareholder has resisted weighing into debate over the performance of the telecommunications carrier's management, with the $64 billion Future Fund saying it remains comfortable with its exposure to the company. With the Future Fund no longer facing restrictions on the level of its $8.5 billion stake in the telco, the fund's chief executive, Paul Costello, yesterday noted that the government-mandated investment fund was a natural seller of Telstra over the longer term. But he declined to outline a time frame or extent of a selldown..... Full Article: Source