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Future Fund

Yesterday

APA Group’s Kay Stuart is a highly-regarded dealmaker in corporate Australia.

APA Group executive jumps ship to Future Fund

Stuart spearheaded the listed gas pipelines owner’s acquisition of Alinta’s remote power assets in WA’s Pilbara region.

This Month

Angela Karl, a former UBS banker specialising in energy and utilities deals, landed at HMC this year after an 11-year stint at QIC. The market reckons her next stop is the Future Fund.

High-profile dealmaker’s departure leaves door open at Future Fund

Peter McCosker has relocated back to Abu Dhabi, replacing Marcus Hill, who was head of transportation in ADIA’s infrastructure division.

June

Treasurer Jim Chalmers and President Donald Trump

Super funds cautious on US despite Trump plans to drop ‘revenge tax’

The threat of punitive taxes on super funds in the US may have eased, but they’re still taking a cautious approach to investments in Trump’s America.

The proposal would allow the Trump Administration raise taxes on countries deemed to levy discriminatory taxes against American firms.

Chalmers urges Bessent to reconsider ‘revenge tax’ on super funds

The proposal would allow the Trump administration to raise taxes on countries deemed to levy discriminatory taxes against American firms.

Melbourne Airport is one of the most prized infrastructure assets in the country and is owned by some of Australia’s biggest investors.

Future Fund ditches Dexus as manager of its Melbourne Airport stake

The $300 billion fund has only just been approved to manage assets internally. Dexus is already fighting with Australian Pacific Airports Corporation investors.

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Greg Combet: “I became intensely interested in politics from a really young age.”

Pension giants put brakes on US investments, warning of big tax hit

Future Fund chairman Greg Combet says the “big beautiful bill” could “dramatically escalate tax rates”, and AMP is pausing long-term American investment.

Cbus chairman and former Labor treasurer Wayne Swan’s said last year he was “confident that investment in the social housing sector has the potential to be a win-win for our members.”

Super funds are not a piggy bank for Labor’s pet projects

Chalmers’ vow to put to bed “needless brawls” on super is contradicted by his attempts to wager Australian’s retirement savings to prop up nation-building policies.

Big super’s cold feet stall Labor’s $10b low-cost housing plan

More than two years after pledging hundreds of millions of dollars to the flagship scheme, some pension funds are dragging their feet in financing developments.

ASIC chairman Joe Longo.

ASIC’s Joe Longo sleeps on private market advice

The regulator’s chairman sought feedback from the market about private markets. Almost half the submissions received are confidential.

Future Fund-backed OneFortyOne in mega forestry deal

The biggest forestry deal by an Australian-owned firm in a decade comes as the country prepares for the next home-building boom.

May

The median total pay gap across the public service was 7.2 per cent in favour of male public servants. Yet, some of the nation’s most powerful regulators and bodies exceeded that level.

Reserve Bank, Future Fund register big gender pay gaps

Money laundering regulator AUSTRAC is a notable exception when it comes to the big financial agencies, reporting no median gender pay gap.

An artist render of the proposed Elite Park development at Melbourne Airport that Dexus has been promoting to boost the airport’s profits.

Dexus’ Melbourne Airport fund investors call in lawyers for battle

Lawyers have been called in to fight what could be a long court battle on behalf of wealthy investors who bought into a special fund holding Melbourne Airport.

Future Fund chief executive Raphael Arndt is well prepared for an inflationary environment.

Future Fund predicted the new world order. Here’s what it’s doing now

The $241 billion sovereign wealth fund saw Donald Trump’s world coming four years ago. Chief executive Raphael Arndt is now adapting his battle plan.

Woodside chief executive Meg O’Neill faced another shareholder AGM backlash over the oil and gas group’s climate policies.

Woodside shrugs off investor backlash over climate inaction

Shareholders hit the oil and gas group with a protest vote after accusing the board of dragging its heels on environmental action.

Trump could force investors to dump US dollar, says Future Fund

The sovereign wealth fund said there was more risk in US investments, and even though America remained attractive the fund was looking toward Europe, Japan and Australia.

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Michael Milken, Chairman, Milken Institute, and Jonathan Gray, President and chief operating officer, Blackstone, speak at the 28th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills.

Junk bond king hosts deal-maker fest

Michael Milken’s annual gathering in Los Angeles attracts the most powerful names in finance, but the real action is on the sidelines.

April

Sue Brake was Future Fund’s chief investment officer.

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

Donald Trump has previously spoken of starting “the greatest sovereign fund of them”.

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.

Transgrid towers on a property 60kms south of Broken Hill.

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

Ben Brazil runs FitzWalter Capital in London, and has purchased millions of dollars in Infrabuild bonds.

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”.

Original URL: https://www.afr.com/topic/future-fund-1n20