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Sovereign Wealth Funds Briefing - Categorized | Research, Trends

After years of success, Future Fund prepares for hard times

Posted on 02 September 2016

Chairman Peter Costello can justifiably be proud of the achievements of the Future Fund. Ten years after he established it as federal treasurer — setting up strict guidelines for its operation, to set aside what were windfall profits to help meet superannuation liabilities for public servants — the fund has doubled in size.
From government seed capital of $60.5 billion (proceeds from of the sale of Telstra and budget surpluses), the fund has grown to $123bn from its own investments………………………………………..Full Article: Source


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