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Future Fund doubles cash position after strong run

Richard Newell
The fund's target cash weighting was 10%, but it raised the level to near-20% due to strength of returns and resultant selling down of assets. It expects future returns to be lower.
Future Fund doubles cash position after strong run

Australia’s sovereign wealth fund has doubled its cash position in the past 12 months in the face of increased global market volatility after a stong run.

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