Finance
Australia Sovereign Wealth Fund Eyes Distressed Debt Investments
- CEO Arndt sees opportunities in real estate, private equity
- Future Fund posts 9.1% annual gain in year through June
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Australia’s sovereign wealth fund has been adding distressed debt investments to its hefty private markets portfolio as it sees more potential deals across the global credit landscape.
“On the distressed side, there are some pockets of opportunity, particularly in real estate and some private equity,” said Future Fund Chief Executive Officer Raphael Arndt, adding that the fund wasn’t seeing a broad underperformance in credit. “We have moved some money into some of those strategies.”