NEWS

Future Fund could manage others’ money

Managing money for default super is a possibility for Australia’s sovereign wealth fund. Its leadership also said becoming more ‘nimble’ and adding activity in venture and growth were priorities.
ANALYSIS

The collective brain

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

Inside the Future Fund’s investment decisions

The $91 billion Australian Future Fund’s approach to investing is to get even more sophisticated as it borrows ideas and techniques from other investors, including the risk management and portfolio construction techniques of multi-strategy hedge funds. David Rowley speaks to CIO David Neal. Many will quickly tell you there is greater return to be made... Read more »
NEWS

How the Future Fund found agility

Using a fund of funds enabled the Future Fund to build a large exposure to hedge funds quickly during the global financial crisis, chief investment officer of the Future Fund, David Neal says. The Future Fund, which uses a combination of fund of funds and direct hedge fund investments, decided it did not have the... Read more »
NEWS

The Caisse, Future Fund into infrastructure

Two of the world’s biggest institutional investors have recently made significant forays into Australian infrastructure, seeing opportunities in the country across a wide array of assets. Canada’s second largest pool of pension assets, la Caisse de dépôt et placement du Québec (the Caisse), has made a $139.2-million investment in five projects. Macky Tall, the fund’s... Read more »
INVESTOR PROFILE

Future Fund’s single
total portfolio

For the past five years David Neal has been integrating the vision of “one team, one portfolio” into the culture of the investment team at the $77-billion Future Fund. This has now been set in stone – well, porcelain – with coffee cups bearing the moniker used by staff throughout the organisation. The slogan is... Read more »