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Showing 331 - 340 of 511 results for "Sovereign Wealth"

Future Fund surges to $123 billion

ALEX DUNNIN  |  MONDAY, 31 OCT 2016
... Commonwealth Treasurer, Peter Costello. Since then, however, its scope has expanded to operate as a de facto sovereign wealth fund insofar as its capital returns, which now have grown to reach double its seed funding of $61 billion, are a net national ...

Tobacco and super funds must split

JAMIE WILLIAMSON  |  THURSDAY, 20 OCT 2016
... governments of signatories to this treaty are not allowed to invest in tobacco by any means, including through sovereign wealth funds or public pension funds, though only Australia, New Zealand and Norway have implemented that provision. King cited reputational ...

Russia and India sign investment partnership

ALEX BURKE  |  TUESDAY, 18 OCT 2016
... investment in Indian business. The fund is a partnership between the Russian Direct Investment Fund (RDIF), Russia's sovereign wealth fund, and India's National Investment and Infrastructure Fund (NIIF). Both funds have contributed US$500 billion to ...

Fidelity names Australian MD

DARREN SNYDER  |  MONDAY, 17 OCT 2016
... International currently invests US$272 billion globally for clients ranging from pension funds, central banks, sovereign wealth funds, large corporates, financial institutions, insurers and wealth managers, to private individuals. The firm's investment ...

Morgan Stanley chief executive steps down

JAMIE WILLIAMSON  |  FRIDAY, 7 OCT 2016
... firm in a part-time role as a non-executive vice-chairman and will continue as a guardian of the Government's sovereign wealth fund, the Future Fund. Morgan Stanley Australia boasts one of the country's largest retail adviser networks and the company's ...

NZ Super Fund posts decent full-year return

MARK SMITH  |  WEDNESDAY, 21 SEP 2016
... Zealand forestry business Kaingaroa Timberlands, increased in value by NZ$82 million to NZ$1.49 billion. The sovereign wealth fund, which is designed to help pre-fund national superannuation payments from 2032, finished the June financial year at NZ$30.10 ...

QIC and Future Fund win Port of Melbourne lease

DARREN SNYDER  |  MONDAY, 19 SEP 2016
... infrastructure assets. It will be an important contributor to our long-term investment objectives as Australia's sovereign wealth fund," Costello said. GIP Australia partner Russell Smith said the firm "looks forward to bringing to bear our strong port ...

Future Fund ahead of target on tenth birthday

MARK SMITH  |  THURSDAY, 1 SEP 2016
... June the flagship Future Fund reached $122.8 billion in funds under management, double the $60.5 billion the sovereign wealth fund has received in contributions since it was set up in May 2006. While a return of 4.8% in the last financial year was slightly ...

Local hedge funds fighting for insto attention

ALEX BURKE  |  MONDAY, 22 AUG 2016
... "perennial" challenge for Australian hedge funds, who are still contending with the "differing requirements of sovereign wealth, superannuation, offshore pension, HNW, family office and retail client bases." This is compounded by additional "institutional ...

Efficiency key to performance in low-return world

ALEX BURKE  |  FRIDAY, 19 AUG 2016
... owners, superannuation funds, financial advice groups, banks, wealth managers, corporate funds, insurers and one sovereign wealth fund. The respondents said that their two greatest concerns are generating returns and the ongoing risk of economic or market ...