The $200 billion Future Fund is keeping more money at home because a world looking “more like the 1930s” threatens to end the decades of global calm that have underwritten a sustained era of prosperity for Australia.
Future Fund chief executive Raphael Arndt said the Australian sovereign wealth fund was taking measures to safeguard its assets from rising risks of global conflict, tension and protectionism.
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Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
