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Future Fund recorded a -3.2% return for the quarter to end of March 2020 and has not yet revalued its unlisted assets.
The three firms have each acquired a 26.3% stake in the airport’s holding company for a total of $1bn.
The Australian fund saw the value of its infrastructure portfolio rise even as it fell as a percentage of total AUM due to disposals of illiquid overseas assets including Gatwick Airport.
Indian road in Mumbai
Indian developer IRB will transfer nine operational and under-construction assets spanning 1,200km to an investment infrastructure trust.
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