The Future Fund has ditched Dexus as the manager of its multibillion-dollar stake in the owner of Melbourne Airport, one of the first times that the $300 billion sovereign wealth fund has taken back a mandate.
The fund was only given approval by the federal government to manage its own assets internally late last year, and had previously relied on Dexus to oversee its 20 per cent stake in Australian Pacific Airports Corporation.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.