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Showing 471 - 480 of 659 results for "Future Fund"

SWFs jump 16% to $4.62tr

ALEX DUNNIN  |  MONDAY, 16 APR 2012
... assets and geography and this trend is expected to continue, he said. According Rainmaker, Australia's de facto SWF the Future Fund, holds only about 5% of its FUM in private equity instead showing a preference for hedge funds to gain its alternatives ...

ACT super account takes $450m GFC hit

ALEX DUNNIN  |  FRIDAY, 13 APR 2012
... public sector workers. The fund is one of several around the world that were the inspiration behind the aptly named Future Fund. The shortfall, reported by the Canberra Times, follows release of the territory's mid year MYFEO statement. While the accounting ...

SWFs have liabilities to manage too

ALEX DUNNIN  |  THURSDAY, 5 APR 2012
... biggest user of SWFs with four funds controlling an aggregate $1.1 trillion or 23% of the sector. Australia's SWF, the Future Fund, is the 13th largest. The primary reason nations establish a SWF is to manage windfall export income from oil reserves ...

ASX appoints Gonski replacement

ELISE BURGESS  |  THURSDAY, 29 MAR 2012
... Roderic Holliday-Smith will succeed David Gonski as chairman of directors on the ASX Board as Gonski departs for the Future Fund. Gonski resigned as chair of the ASX Group on March 14 to replace former CBA boss David Murray as the new chair of the Future ...

Future Fund builds Aust infra exposure

ELISE BURGESS  |  TUESDAY, 27 MAR 2012
Future Fund has purchased 35 million shares in toll road operator Transurban for $192.7 million, to hold 6.78% as the fund continues its build its exposure in Australian infrastructure. Purchased through infrastructure fund manager RARE Infrastructure ...

Benchmarks allow funds to abdicate responsibility: Future Fund

MELANIE TIMBRELL  |  WEDNESDAY, 21 MAR 2012
... liable to lead funds to perverse decisions on asset allocation rather than an appropriate assessment of risk, the Future Fund's chief investment officer has warned a superannuation gathering. In times of extreme market volatility, the tendency to lower ...

Gonski appointed new chair of Future Fund

CLAIRE MCGREAL  |  WEDNESDAY, 14 MAR 2012
... David Gonski will resign as chair of the ASX Group to replace former CBA boss David Murray as the new chair of the Future Fund, in charge of nearly $90bn in assets. The government has also appointed Morgan Stanley Australia head, Steven Harker, to the ...

Southeastern targets instos with Australian expansion

MELANIE TIMBRELL  |  TUESDAY, 13 MAR 2012
... attracted local institutional mandates worth A$1.4bn, including a developed market equity mandate from the sovereign Future Fund. "Southeastern focuses on developing relationships with like-minded investors who share our long-term horizon and partnership ...

Australia doesn't need a SWF

ALEX DUNNIN  |  TUESDAY, 21 FEB 2012
A new report by the Centre for Independent Studies says the Future Fund, Australia's de facto sovereign wealth fund, far from being a fiscally responsible way to rebalance intergenerational equity, is economically flawed. The reasoning behind the fund ...

Managed funds have a place in SMSFs: Select

MELANIE TIMBRELL  |  FRIDAY, 17 FEB 2012
... SMSF portfolios carry too much equity risk he said, with a heavy skew to Australian equities. While the Australian future fund carries just 10% of its portfolio in Australian equities, the allocation of the average SMSF is around 36%, McCormick said. ...