New Future Fund boss Greg Combet and Treasurer Jim Chalmers have been warned by David Murray, the $212 billion sovereign wealth fund’s first chairman, not to risk taxpayer money on “nation building” projects such as green energy and housing.
Dr Chalmers announced on Monday that Mr Combet, a former Labor climate change minister and industry superannuation director, would succeed the outgoing Future Fund chairman, former Liberal federal treasurer Peter Costello.
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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
