The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Future Fund prepares for a ‘New Investment Order’

Sydney-frame-iStock-960.jpg
Photo: iStock

A longstanding pioneer in illiquid and private assets, Australia’s Future Fund has found itself well placed for an uncertain and yieldless world. It got here by being able to adapt to changing conditions and CIO Sue Brake knows there is plenty more of that to come.


Podcast: Sue Brake, chief investment officer at Australia’s Future Fund

Australia’s Future Fund published a position paper in September with a grand title: ‘A New Investment Order’. It set out a range of themes and contexts that shape the world for a sovereign wealth fund (SWF) investor and what to do about them. “The world today,” the report begins, “is vastly different to how it was when the Future Fund was established in 2006.”

That’s the truth. Back then, when the Future Fund came into being in order to meet the unfunded pension liabilities of the Commonwealth, the Reserve Bank of Australia’s cash rate was 5.75% and nobody had yet heard of the Global Financial Crisis let alone Covid.

But the interesting thing about the Future Fund is that it has always seemed somewhat ahead of the game. Almost from the outset it has been a strong advocate for themes that later became commonplace: with heavy allocations to infrastructure and private equity, and a recognition that the best opportunities can be found in illiquid assets if there’s no pressing need to liquidate.


You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

Tags

Chris Wright is Asia editor. He covers the Asia Pacific region and is based in Singapore. He has previously been Middle East editor of Euromoney, editor of Asiamoney, investment editor of the Australian Financial Review and a correspondent on emerging markets and sovereign wealth for numerous publications worldwide. He has also written two books.
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree