02.09.2016 - Future Fund assets up to $123b after strong fourth quarter
The Future Fund is shifting more of its $123 billion portfolio into private investments as ultra low interest rates reduce returns and raise risks in public equity and bond markets. Australia's sovereign wealth fund announced a strong 4.6 per cent quarterly performance to increase its assets to $123 billion, which managing director David Neal said was boosted by successful investments in non-listed businesses. "Private markets is an area where we continue to put a lot of focus," said Neal. He explained the fund was looking to move "away from relying on market returns which are likely to be subdued [in favour] of genuine skill based opportunistic returns"...............................................Full Article: Source
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