Aust Infrastructure's demise

An infrastructure fund with funds and no assets. To wind up or not to wind up? That is the question.

Tony Abbott's ascension to high office and his desire to be known as an infrastructure Prime Minister has occurred just as a battle has erupted over the proposed winding up of the ASX-listed Australian Infrastructure Fund (AIX).

Managed by Hastings, the fund earlier this year sold all its assets – minority interests in airports in each of Australia's major cities and a range of regional towns along with Hamburg, Dusseldorf and Athens – to the Future Fund.

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