The state’s $15bn oil and gas endowment has established a 10% real return allocation, which could include investments in timber and infrastructure, and has begun to look for an investment officer to direct the real return group.
The Australian sovereign wealth fund continues to increase its exposure to real estate, private equity and infrastructure, according to its Q1 2011 portfolio update. Future Fund’s infra and timberland assets increased by A$562m in the first three months of the year.
The Toronto-based asset manager attracted $330m for its first private investment fund focused exclusively on agricultural land. The Brookfield Brazil 'AgriLand' Fund aims to make money by buying up pasture lands in Brazil and converting them to crops.