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SWFs gather for private Sydney talks

Government discrimination and open markets will be examined closely by more than two dozen sovereign wealth funds meeting in Sydney this week for a three-day closed conference.

Australia's A$68bn ($62bn) Future Fund is hosting only the second annual meeting of the International Forum of Sovereign Wealth Funds, a voluntary grouping with total assets under management conservatively estimated at more than $2,000bn.

Jin Liqun, supervisory board chairman of China Investment Corporation, and Bader al-Sa'ad, the managing director of the Kuwait Investment Authority, top the list of the powerful government-backed investors attending the Sydney forum, which begins today.

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