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Peter Costello, chairman of the Australian Government Future Fund |
Peter Costello faced a challenging gig. The chairman of the Australian Government Future Fund, better known to many as the country’s longest-serving treasurer, under John Howard’s government, was presenting a keynote speech at a sovereign wealth funds conference in Milan, but found himself addressing a room full of people milling around a buffet table.
It was not the easiest crowd to enthral with a presentation on the Santiago Principles, the voluntary code of governance and best practice that aims to bind sovereign funds.
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