Australia’s $90 Billion Soverign Wealth Fund Ups Cash Position to 25%

This beer swillers from down under are too busy playing with the kangaroos than to manage money in this market.

Australia’s sovereign wealth fund is famous for investing like cowards. They’ve doubled the fund since 2006 by attaining a pathetic 7% annual return by practicing a conservative form of investing.

That conservatism just went nuclear bomb shelter 25% cash, waiting for the fucking planet to tilt and then explode.

“We see prospective returns on risk at a lower level than in the immediate past years,” said Peter Costello, chairman of the fund and the nation’s former treasurer. “We are also conscious that monetary authorities, having stimulated so much, have less flexibility now to respond to future weakness. Given this, we have less risk in the Future Fund than we would under more normal circumstances.”