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Showing 1 - 10 of 228 results for "Peter Costello"

Greg Combet to succeed Peter Costello as Future Fund chair

ANDREW MCKEAN  |  MONDAY, 29 JAN 2024
Net Zero Economy Agency chair Greg Combet is set to replace Peter Costello as chair of the Future Fund, commencing mid-year. At a press conference in Canberra, treasurer Jim Chalmers said the appointment of Combet, who only recently relinquished his ...

Interest rates, liquidity top of mind for Future Fund

KARREN VERGARA  |  THURSDAY, 19 OCT 2023
... The $256.2 billion sovereign wealth fund delivered 6% in FY23 - well below its target of CPI plus 4%-5%. Chair Peter Costello said the performance reflects the portfolio's diversification across international markets and private assets. "The board ...

Peter Costello steps down from Future Fund

ANDREW MCKEAN  |  MONDAY, 9 OCT 2023
Peter Costello has informed the government he will not pursue a third term as the chair of the Future Fund. A formal, merit-based search is now underway for a new chair of the $250 billion sovereign wealth fund, with the government viewing future board ...

Future Fund slapped with new disclosure rules

ANDREW MCKEAN  |  WEDNESDAY, 4 OCT 2023
... 2021. In August, Future Fund posted a 6% return in FY23, well-below its 10% target. However, Future Fund chair Peter Costello said the return was reflective of the portfolio's diversification across international markets and private assets. He also reinforced ...

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 ...

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 ...
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