Sovereign wealth fund’s statement of expectations will be updated for the first time in 15 years
Greg Combet, the chair of the Future Fund board of guardians, says the sovereign wealth fund will appoint a new executive director responsible for the energy transition.Greg Combet, the chair of the Future Fund board of guardians, says the sovereign wealth fund will appoint a new executive director responsible for the energy transition.Australia’s $230bn sovereign wealth fund will be retooled to help build houses, improve infrastructure and combat global heating under a new investment mandate.
The government is hoping a greater certainty of investment in assets that have long-term benefits will encourage more supply of housing and clean energy projects.Greg Combet, the chair of the Future Fund board of guardians, said it will appoint a new executive director responsible for the energy transition in response to the changes.
“The government is also confirming the fund’s enduring role in strengthening the commonwealth’s long-term financial position and covering unfunded superannuation liabilities,” they said.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Future Fund told to sink cash into homes and green energyThe $230 billion Future Fund was created to stop a black hole in the federal budget. It’s now been tasked with investing in housing, energy and infrastructure.
Read more »
Future Fund told to sink cash into homes and green energyThe $230 billion Future Fund was created to stop a black hole in the federal budget. It’s now been tasked with investing in housing, energy and infrastructure.
Read more »
Future Fund told to sink cash into homes and green energyThe $230 billion Future Fund was created to stop a black hole in the federal budget. It’s now been tasked with investing in housing, energy and infrastructure.
Read more »
Government tells Future Fund to invest in climate and housing but preserve focus on returnsAustralia's $230 billion sovereign wealth fund would retain its focus on making a return, and the government has pledged not to draw down on it for eight years.
Read more »
‘King is back’: Indian great’s Kohli warning after Aussie legend pokes the bearCricket: David Warner and Usman Khawaja have backed Nathan McSweeney as Australias new test opening batter.
Read more »
‘Chomping at the bit’: Aussie quick seizes rare chance as Pakistan targets SCG comebackCricket: David Warner and Usman Khawaja have backed Nathan McSweeney as Australias new test opening batter.
Read more »