Australian government updates Future Fund mandate to focus on national priorities, sparking debate.

The Australian government has updated the mandate for the Future Fund, a $230 billion sovereign wealth fund, to include national priorities like energy transition and housing. While the fund's chairman emphasized its independence and risk-adjusted returns, critics argue the changes could compromise the fund's success and turn it into a political tool. The opposition party plans to reverse these changes if elected.

November 26, 2024
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