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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches

Australia: Calls grow for govt wealth funds

Posted on 25 November 2011

Endorsements of sovereign wealth funds from Queensland Premier Anna Bligh and Liberal Senator Arthur Sinodinos have bolstered efforts by business leaders to convince governments to establish sovereign wealth funds as a means to capture more of the windfall from the mining boom for future use, according to a report by the Australian Financial Review.

The concept of the sovereign wealth funds has been gaining greater traction amongst business leaders, with ASX Ltd chairman David Gonski, Future Fund chairman David Murray and Reserve Bank of Australia governor Glenn Stevens, among others, acting as the most recent and vocal advocates………………………………………Full Article: Source


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