Future Fund to manage select asset classes in-house

Future Fund chair Greg Combet¹ said that the $300 billion sovereign wealth fund has received the green light from the government to manage a portion of its portfolio internally, speaking at a Committee for Economic Development of Australia (CEDA) event in Sydney.

- Andrew McKean

Combet, who succeeded Peter Costello as chair last year, said the Future Fund now has the authority to “undertake Australian infrastructure and property sector transactions” and to “manage assets without an external investment manager.”

This marks a departure from Future Fund’s long-standing practice of relying solely on external investment managers.

“... this additional capability is intended to help access new opportunities in Australian infrastructure and property that we might otherwise be unable to access efficiently, or which external managers may not be focused on,” Combet said.