HK maps out aggressive HK$200bn Future Fund
A government committee has recommended that Hong Kong's land fund be used to create a sovereign cash pool to be managed by HKMA with a focus on private equity and real estate.
Hong Kong’s proposed Future Fund should allocate around half of its assets to alternative investments, a government-appointed committee recommended yesterday.
The investment approach would be part of the government’s attempt to generate sufficient returns to counteract what are expected to be mounting deficits in public finances in the coming years.
But rather than issue mandates to external managers, the working group committee recommended handing over the Future Fund’s assets …
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