The NSW government’s $108 billion investment manager is facing a shake-up, as Treasurer Daniel Mookhey orders a consolidation of its funds as part of a strategy to slash the state’s debt bill.
Mr Mookhey will announce on Friday that TCorp will be directed to develop a more efficient management of the state’s funds under management, initially by consolidating six separate government funds managing about $43 billion.
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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
