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Future Fund

This Month

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.

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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.

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”.

Greg Boorer at one of his company’s data centres in Canberra.

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.

Greg Boorer, CEO and founder of CDC Data Centres, has built a hugely valuable and fast-growing company from scratch.

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.

CDC founder and boss Greg Boorer.

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 CEO

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.

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Future Fund chief executive Raphael Arndt hasn’t changed his view on the world that investors will confront.

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

Senator Jane Hume in Melbourne on Friday.

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.

Shadow treasurer Angus Taylor and  Treasurer Jim Chalmers.

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.

Treasurer Jim Chalmers, Future Fund chairman Greg Combet and founder Peter Costello.

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.

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