Politics mars appointment of Australian SWF chair
Australian’s $A73 billion ($77 billion) sovereign wealth fund has a new Government-appointed chairman and board member in a process that has become embroiled in politics.
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Future Fund goes defensive
Australia’s sovereign wealth fund, the Future Fund, has lost more than $2 billion in the September quarter, as global share markets tumbled – despite reducing its equity exposure and moving more into defensive assets, such as cash.
Future Fund lags behind long-term objectives
Australia’s $77.63 billion Future Fund is lagging behind its long-term investment objectives, achieving a nominal annual return of 5.2 per cent over the past five years.
Myths may shackle SWFs
Chair of the A$75billion ($79bn) Australian Future Fund, and outgoing chair of the International Forum of Sovereign Wealth Funds, David Murray (pictured), believes sovereign wealth funds are at risk of discrimination if some key myths about their structure and investment intentions are not discussed.
Australia’s Future Fund looks to tangibles
The A$72.9 billion ($78.9 billion) Australian Future Fund will ramp up its tangible asset investments this quarter to more than 14.5 per cent of the fund with a long-term goal of lifting that to 25 per cent, a spokesman said.
Australia ponders mining SWF future
The wealth generated by Australia’s mining boom is presenting a dilemma for the Australian Federal Government, with decision-makers at the crosspaths of what to do with it. Calls are increasing for the establishment of a sovereign wealth fund, with economists saying the time is right if the Federal Government delivers on its promise of a
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