BlackRock (BLK) now manages about 7.5 billion Australian dollars ($5.21 billion) of the country's Future Fund's alternatives portfolio, growing its Australia wealth fund mandate by 74% over the last two years, Bloomberg reported Wednesday, citing its analysis of the fund's filings.
According to Bloomberg, alternatives now constitute about 15% of the Future Fund's portfolio and BlackRock currently holds the largest mandate in said asset class of the sovereign fund.
BlackRock did not immediately respond to MT Newswires' request for a comment.
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