Business
Future Fund cash balance swells to more than $30b – The Australian Financial Review
The Future Fund has shifted further into cash, as caution prevails within the $163 billion sovereign fund.
The Future Funds weighting to developed market stocks and private equity was cut by about $5 billon combined, while it shifted $3.78 billion into alternative assets.
The 1.1 per cent quarterly return compares to a 0.9 per cent median return for balanced superannuation fund, according to Super Ratings, although experts caution against direct comparisons because of tax differences and liquidity requirements.
Future Fund chief executive Raphael Arndt said the global economic outlook and asset prices…
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