The Australian Open in the tennis, the Australian Grand Prix in the Formula One; Covid notwithstanding, Australia has a habit of providing the curtain-raiser to a new calendar year.
And so it is with sovereign wealth funds, with the country’s Future Fund the first notable institution to provide a transparent snapshot of exactly what happened in 2020.
The A$171 billion ($132 billion) fund – or A$218 billion, including all of the six mandates that are managed by the same board and team – can be pleased with its performance in a difficult year.
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