Future Fund de-risks further, makes gloomy forecast

Apr 24, 2016

Reporting its first quarterly loss since 2012, the Australian fund says returns on risk assets are no longer sufficient and is worried about the ability of monetary authorities to respond to future weakness.

After doubling its cash allocation last year, Australia’s sovereign wealth fund took up an even more defensive position as of the end of the first quarter of 2016, amid continued concerns about global stock markets.

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