Here’s a nugget of news from yesterday’s AFR: Three directors of the $2 billion Breakthrough Victoria fund are departing, amid calls for the “unnecessary” John Brumby-led venture capital player to be wound up, despite the state government insisting it is working well.
https://www.futurefund.gov.au/-/media/2AADD51182EE46AC877814C58F6D358D.ashx
last page. 7 future funds. $270 billion. all borrowed.
7 future funds?
Unbelievable! :-(
Well, they have to employ their mates somehow. Only so many super fund board seats to go around.
Only government and bureaucrats could come up with seven different funds. What a waste of our taxes.