Hong Kong's Future Fund advised to target alternatives
Hong Kong’s Future Fund, a vehicle intended invest budget surpluses to cover future liabilities arising from an ageing population and slower economic growth, has been advised to target long-term, less liquid assets such as private equity.
The Future Fund concept was proposed last year and Financial Secretary John Tsang announced in last week's budget that the vehicle would be set up this year. In the second of two sets of recommendations...
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