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Showing 11 - 20 of 310 results for "Costello"

Future Fund posts 6% return

JAMIE WILLIAMSON  |  WEDNESDAY, 30 AUG 2023
... stand at $256.2 billion, inclusive of the $60 billion first committed by government in 2006. Future Fund chair Peter Costello said the 6% return, which is well below its 10% target, is reflective of the portfolio's diversification across international ...

Liquidate $250bn Future Fund, says think tank

CASSANDRA BALDINI  |  THURSDAY, 10 AUG 2023
... the state of the Commonwealth's balance sheet," he said. "A future without the Future Fund is a more viable one." Costello shut down the idea and in response said, the asset has earned over $140 billion for the Commonwealth since launching with $60.5 ...

Future Fund finds new chief investment officer

ANDREW MCKEAN  |  WEDNESDAY, 2 AUG 2023
... Fund chief executive Raphael Arndt, who's acted in the role since June 2022. Future Fund board of guardians chair Peter Costello said Samild's appointment highlights the depth of talent in the Future Fund's investment team and represents continuity in ...

Future Fund trumps market averages

ANDREW MCKEAN  |  FRIDAY, 28 APR 2023
... 12 months ending March 2023, surpassing the ASX (0.1%) and S&P500 (-7.7%). Future Fund Board of Guardians chair Peter Costello explained that as central banks, including the Federal Reserve and the Reserve Bank of Australia, raised interest rates in ...

Future Fund reports 3.7% loss for 2022

CASSANDRA BALDINI  |  WEDNESDAY, 1 FEB 2023
Future Fund has posted a -3.7% return for calendar year 2022. Its chair Peter Costello explained that the S&P ASX 200 falling 5.5% and the S&P 500 dropping 13.6% caused the Future Fund to deliver a negative outcome. "The cycle of rising rates to control ...

Future Fund proves resilience to market shocks

ANDREW MCKEAN  |  THURSDAY, 27 OCT 2022
... assets under management (AUM) are now $193 billion, falling by $1.25 billion over the quarter. Future Fund chair Peter Costello said over the 12 months to September, the fund's return was -3% compared to a -8% fall in the ASX 200. Over the longer term ...

Future Fund assets drop to $194.4bn

CASSANDRA BALDINI  |  WEDNESDAY, 31 AUG 2022
... the infrastructure portfolio and the macro hedge fund portfolio which returned more than 20%. Future Funds chair Peter Costello added the fund is "long-term" and continues to outperform the target benchmark. "The fund continues to achieve this objective ...

Future Fund battles challenging markets

CHLOE WALKER  |  TUESDAY, 3 MAY 2022
... global equity markets turned down sharply, and the Australian market was flat," Future Fund Board of Guardians chair Peter Costello said. "A large part of this was due to rising inflation which will lead to higher interest rates around the world and ...

Future Fund now over $200bn

CHLOE WALKER  |  WEDNESDAY, 2 FEB 2022
... about $143 billion in returns. Its 10-year return now sits at 10.8% against a target of 6.2%. Future Fund chair Peter Costello said the fund has been carefully positioned to successfully navigate the challenges thrown up by the COVID-19 pandemic, and ...

Ellerston investments chief in new role

CHLOE WALKER  |  THURSDAY, 20 JAN 2022
... ambition into the Asia Pacific and European region," Mitchell added. BiomeBank chief medical officer and co-founderSam Costello, said that he would like to acknowledge and thank Hall's predecessor, Dr Rodda, for his dedication and support of the ...