31.10.2011 - Global fiscal ucertainty pulls down Future Fund investments, posts 2.9pct Q3 loss
Australian policy regulators have been urged to devise and implement fiscal plans that will help anchor the country as it glides and cushions itself on the impact brought about by the global economic slowdown. This, as the Australian Future Fund announced Friday that third quarter performance results have not been good in spite cutting its share holdings and hiking cash and hedge fund distributions. For the September quarter, the Future Fund revealed suffering a 2.9 per cent slash, cutting the value of its assets by more than $2 billion from $75.39 billion to $73.18 billion...............................................Full Article: Source
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