Yesterday
Aware Super ropes in ex Future Fund CIO, Mac bigwig
Both have been appointed for an initial period of two years, and will oversee the management of the investment portfolio as well as advise Aware Super’s board
March
A trillion-dollar sovereign wealth fund could be Trump’s grandest plan
There are plenty of big assets that could be sold to get the White House’s hopes in motion. Investors are already being told not to underestimate the impact.
Future Fund set to buy into Transgrid amid hefty energy transition bill
Future Fund is preparing to invest in TransGrid at a time when it has faced pressure from the Labor government to consider three national priorities – housing, renewable energy and infrastructure.
February
Sanjeev Gupta’s last best asset faces a Ben Brazil-shaped problem
The former Macquarie dealmaker says the British industrialist’s InfraBuild must buy back $800 million in bonds. The company says it is a “nuisance complaint”.
How this man went from a bike accident to $17b
The founder of CDC has found himself rich thanks to big investors who can’t get enough of digital infrastructure. He had dreamed of becoming a champion cyclist.
Canberra Data Centres worth $17b after $2b share sale
The founder expects the company to triple in the next five years after the Future Fund and Infratil increased their holdings.
Infratil, Future Fund scoop up stake in $16b-plus CDC Data Centres
Sources said the deal was signed shortly after 6pm, and would see Future Fund take a bigger piece of CDC than Infratil.
Future Fund grows by $26b riding US stock surge
The sovereign wealth fund has delivered a chunky return after upping its exposure to global equities.
‘US will take over Gaza’: Trump; Lessons from Future Fund’s 3 big moves; Portsea home sells for $19m
Read everything that’s happened in the news so far today.
What you can learn from the Future Fund’s three big moves
The Future Fund’s shift into US stock has paid off, but it still fears a Trumpian world of more polarisation and higher inflation.
January
Opposition savings from housing, green energy funds in doubt
Senator Jane Hume says the Coalition will interrogate Labor’s billions of dollars tied up in funds for housing, clean energy and manufacturing, but admits they may be difficult to unwind.
Labor accused of using Future Fund to ‘interfere’ in markets
Jim Chalmers has asked the $230 billion Future Fund to consider the government’s national priorities when it votes at company shareholder meetings.
Future Fund opposed investing in Future Made in Australia
Papers also reveal the $230b fund has been told to consider the government’s priorities of renewables, housing and infrastructure when voting on companies it invests in.
November 2024
RBA underestimating risk of recession
Readers’ letters on interest rates; Future Fund investments; a fix for capital gains tax; the response to COVID-19; the influence of founders; data-driven investing; and the ghosts of Christmases past.
False Future Fund claims are not in the country’s interest
Contrary to incorrect commentary, the new investment mandate to have regard for three priorities is consistent with the longstanding purpose to contribute to the nation.
The country’s big super funds are preparing to hit global risk limits
As they grow, funds have no choice but to send more of their member capital offshore. But that comes with challenges that they may simply be unable to manage.
Future Fund not immune to change
Readers’ letters on the Future Fund’s shifting priorities, superannuation and insurance, the proposed social media ban for children and the Victorian economy under Jacinta Allan
Chalmers’ chance: where national and financial interests collide
The Treasurer has a vision to unite the financial interests of investors with the national interest. There are roadblocks and risks.
Future Fund fracas | Rio Tinto’s battle of the sexes | Market hype
This week the furore over the Future Fund, the backlash over Rio Tinto’s attempt to enshrine workplace equality, and are sharemarkets dangerously bullish.
Chalmers’ Future Fund changes may break law: Murray
The treasurer insists his changes to the Future Fund’s mandate are legal, but former chairman David Murray says the new directive appears to breach the law.