Capital qualms as EIF digs deep

First $5 billion, then $11 billion, then $8.7 billion and now $2.4 billion – these are the fluctuating fortunes of Australia’s capital investment fund for universities and VET.m the HEEF, $2.5 billion from the 2007-08 budget and a handy couple of hundred million in earnings from a fund that was prudently invested in cash, not shares.