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Showing 11 - 20 of 231 results for "Peter Costello"

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 ...

Future Fund hits $199 billion

ELIZABETH MCARTHUR | TUESDAY, 26 OCT 2021

... a 10-year return of 10.5% pa, the Future Fund now stands just shy of the $200 billion mark," Future Fund chair Peter Costello said. "Investment returns have added over $138 billion to the $60.5 billion originally contributed by government after the fund ...

Future Fund boasts 22.2% returns

KARREN VERGARA | THURSDAY, 26 AUG 2021

... Fund. Total managed assets across all six funds reached $245.8 billion at 30 June 2021. Future Fund board chair Peter Costello commented: "COVID-19 has accelerated many significant changes in the nature of work and in household use of technology." "It ...

Future Fund appoints chief investment officer

ELIZABETH MCARTHUR | WEDNESDAY, 2 DEC 2020

... valued at $210 billion. "Sue is a globally recognised investment leader," Future Fund Board of Guardians chair Peter Costello said. "Markets and economies are operating in very unusual circumstances and her experience and expertise will be invaluable ...

Future Fund posts modest growth

ELIZA BAVIN | WEDNESDAY, 21 OCT 2020

... $163 billion, but is down 1.8% year on year due to the impact of COVID-19 in the March quarter. Future Fund chair Peter Costello said the fund exists to strengthen the Commonwealth's long-term financial position and noted since inception it has earned ...

New Future Fund chief executive

ELIZABETH MCARTHUR | THURSDAY, 7 MAY 2020

... chief executive, promoting its chief investment officer to the role. Chair of the Future Fund Board of Guardians Peter Costello announced the appointment of Raphael Arndt as the Future Fund Management Agency's chief executive officer. Arndt has been ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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