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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Cashed-up Future Fund cools on property assets

Posted on 01 November 2016

Future Fund managing director David Neal has said the nation’s sovereign wealth fund will continue to shun risk amid a shift away from property assets through the first quarter and an eight-year peak in cash holdings.
The Future Fund booked a 1.5 per cent return for the three months to September 30, matching its mandated target and ­pushing funds under management above $124 billion for the first time. Figures on the breakdown of assets revealed a 0.4 percentage point rise in cash to 22.1 per cent, the second-highest share since the final quarter of 2009………………………………………Full Article: Source


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