Featured Homepage Articles #2

‘Co-opetition’ among funds pays

A body of research demonstrates that a shift in mindset towards asset owners working together, while still maintaining genuinely productive competition, pays off for all stakeholders.
ANALYSIS

Sovereigns versus citizens

As sovereign wealth funds continue to grow, some are running into tussles with citizens over particular investments or the purpose of the fund. Transparency and greater engagement can help.
ANALYSIS

Return targets head downward

The challenging market environment is putting pressure on pension funds. In response, many are lowering return targets, rather than taking on more risk or requesting larger contributions.
Featured Homepage Articles #2

Tough climate marks value in governance

The link between better governance and stronger returns lies somewhere between faith and fact; however, in a historically tough climate, the argument for best practice seems overwhelming.
ANALYSIS

Fundamentally rewiring finance

The better aligned a society’s financial institutions are with its goals and ideals, the stronger and more successful the society will be.
ANALYSIS

The collective brain

The Future Fund knows exactly where its leadership team’s cognitive strengths, and weaknesses, lie. Does your fund?
OPINION

Investing in volatile markets

The Future Fund portfolio has material exposure to two asset classes out of favour with many long-term investors. Chief investment officer, Raphael Arndt, explains why.
INVESTOR PROFILE

The Future Fund 2.0

With its 10th birthday looming, the Future Fund is entering its next incarnation complete with a new investment team structure. AMANDA WHITE spoke to Raphael Arndt, Stephen Gilmore and David Neal. When David Neal, the inaugural chief investment officer of the Future Fund, became its managing director on August 4 last year, his previous role... Read more »
ANALYSIS

Investors need to revamp portfolio construction

Investors should re-consider their investment processes in order to achieve the needed “step-change in efficient portfolio construction” in a low return environment, the chief executive of the A$109 billion ($83 billion) Future Fund, David Neal, says. “It is the investment process that turns the universe of opportunities into a portfolio, and right now that process... Read more »
ANALYSIS

AustralianSuper contemplates foreign outposts

Australia’s largest superannuation fund, AustralianSuper, is considering whether it should have its own investment management and currency hedging teams based in Europe and America. Due to the mandatory nature of the system in Australia, the current rate of funds under management growth means assets are doubling every four to five years. Peter Curtis, head of... Read more »
IN CONVERSATION

Future Fund focuses on finding the best people

Australia’s sovereign wealth fund, the A$101 billion Future Fund, has just upped the stakes in not only attracting the best co-investment deals from fund managers, but in its bid to attract the world’s best investment professionals. Two months ago the fund’s long serving chief investment officer, David Neal, become chief executive in name (following the... Read more »
ANALYSIS

Long term investing and infrastructure

There has been some ambiguity about what being a long-term investor means. For Australia’s Future Fund it means focusing on a few key aspects of our investments: understanding value, the ability to make and implement portfolio decisions and manager alignment. In this speech at the ASFA Global Investment Forum on infrastructure and long-term investment, Raphael... Read more »