Australia's Future Fund posts negative return, sells part of PE portfolio
Future Fund has posted its first yearly negative return since the global financial crisis, amid economic chaos caused by COVID-19, and rebalanced its private equity portfolio as part of efforts to avoid “excessive risk.”
The sovereign wealth fund said it pared exposure to international growth and buyout managers following a period of very strong performance. Acting CIO Sue Brake told a media briefing that A$6 billion in...
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