Central
Banking Journal has recognised the Future Fund, Australia’s $118 billion
sovereign wealth fund, as sovereign investor of the year in the 2016 Central
Banking Awards.
The Chairman
of the Future Fund, Hon Peter Costello AC, said:
“Recognition of the Future Fund as the sovereign
investor of the year is a credit to all those who work for the Fund and
something Australians can be proud of, as the Fund invests public money on
their behalf. I’d like to thank the
Board, management and all staff who have been critical to generating the
success we have enjoyed.”
The Managing
Director of the Future Fund, David Neal said:
“While the global economy has continued to heal
following the 2008–09 financial crisis, significant imbalances persist and the
potential for missteps and shocks remains. We generally see prospective returns to
investors being lower than in recent years and we are continuing our
disciplined investment approach while striving to be nimble and innovative in
identifying and accessing opportunities.
This means we need to continue to develop and motivate a strong, skilled
and aligned team and create value-adding relationships with our external
partners.
Christopher
Jeffery, Chairman of the Central Banking Awards Committee and Editor-in-chief
of Central Banking, said:
“Australia’s sovereign wealth fund took the restrained
decision not to increase its risks to chase returns in 2015. Instead, it focused on improving its
operational framework and improved the speed that it can assess complex investment
opportunities on a comparable basis across a range of asset classes in public
and private markets. It has emerged as a
role model for other sovereign funds grappling with similar challenges.”
ENDS
Notes to editors:
Since its foundation in 1990, Central
Banking Journal has been the only regular, independent publication for and
about central banks. The journal is read
by subscribers in 130 countries, including over 120 of the world’s central
banks.
For
more information:
Will
Hetherton
Head
of Public Affairs,
Future
Fund
+61
(0)3 8656 6400
+61 (0)439 016 678