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Showing 91 - 100 of 385 results for "sovereign wealth fund"

Former Women in Super chief joins AIST

ANNABELLE DICKSON  |  FRIDAY, 29 OCT 2021
... strengthen the integrity of the sector." The AIST recently came out against a Senate Committee which recommended sovereign wealth fund should be exempt from disclosing asset prices so as not to undermine its ability to compete on the global scale. Instead ...

Future Fund becoming more expensive to operate

KARREN VERGARA  |  THURSDAY, 28 OCT 2021
... performance fees incurred. In the latest financial year results, three out of four areas drove up costs for the sovereign wealth fund: agency remuneration (up 16%), consultant fees (up 22%) and agency operations (up 28%). Contract costs with investment ...

Future Fund hits $199 billion

ELIZABETH MCARTHUR  |  TUESDAY, 26 OCT 2021
Future Fund's latest portfolio update shows the sovereign wealth fund is just shy of hitting $200 billion. "After the exceptional 22% return in 2020-21, the Future Fund continued to grow in the September 2021 quarter. Delivering a 10-year return of ...

Industry slams Future Fund disclosure exemption

JAMIE WILLIAMSON  |  FRIDAY, 15 OCT 2021
... sensitive information. The Senate Committee report released this week on disclosure obligations for the sovereign wealth fund recommends it be exempt from disclosing asset prices so as not to undermine its ability to compete on the global scale. In contrast ...

Future Fund hires people and culture chief

KARREN VERGARA  |  THURSDAY, 23 SEP 2021
The sovereign wealth fund appointed a chief people and culture officer following an extensive search. Kimberley Reid joined the executive team and reports to chief executive Raphael Arndt. She was first appointed interim chief people and culture officer ...

AustralianSuper ups stake in WestConnex

KARREN VERGARA  |  MONDAY, 20 SEP 2021
The $233 billion superannuation fund's stake in WestConnex rose to 20.5% after the consortium it's a part of took full ownership of the motorway. The Sydney Transport Partners (STP) consortium purchased the remaining 49% interest or $11.1 billion ...

Gauging the Future Fund's MySuper potential

JAMIE WILLIAMSON  |  MONDAY, 6 SEP 2021
... renewed, Rainmaker Information has run the numbers on what that might look like. Speculation over whether the sovereign wealth fund should be charged with managing Australians' retirement savings has mounted in recent weeks on the back of senator Andrew ...

Future Fund boasts 22.2% returns

KARREN VERGARA  |  THURSDAY, 26 AUG 2021
... turning in 22.2% per annum at the end of June 2021. In releasing the financial year results this morning, the sovereign wealth fund also saw assets under management reach $196.8 billion. Chief executive Raphael Arndt said: "The strong returns of this ...

Bragg renews calls for Future Fund to manage super

KANIKA SOOD  |  FRIDAY, 20 AUG 2021
Liberal senator Andrew Bragg has launched a short paper to push for the sovereign wealth fund to manage all superannuation unless a worker opts out. The 20-page widely spaced paper titled Competition for Workers' Superannuation characterises the current ...

Future Fund appoints portfolio strategy lead

KANIKA SOOD  |  THURSDAY, 29 JUL 2021
The $179 billion sovereign wealth fund has promoted internally to appoint a deputy chief investment officer for portfolio strategy. Ben Samild was named to the role, which was left vacant in December 2020 after Sue Brake moved to Future Fund's chief ...