Future Fund CEO Raphael Arndt says the sovereign wealth fund’s new management structure will help it better navigate a changing investment climate.
and ex-Macquarie star equities strategist Tanya Branwhite joined Abu Dhabi Investment Corp and NSW T-Corp., according to its last update to March 31, and has constantly warned about the risks to markets of rising inflation.Dr Arndt said the portfolio had been positioned for a period of rising inflation but said it expected the bulk of its investments in stocks and private equity to be lower.
He said the fund had benefited from an increased allocation to macro hedge funds, which had shorted bonds and stocks in expectation of rising inflation and delivered returns of about 20 per cent.“We have a very big venture capital portfolio, and we continue to have conviction in that. But we’re going in early as we think the returns come from good ideas not inflated valuations,” he said.
“The world has changed and what is happening is healthy as we move from emergency settings to something more normal,” Dr Arndt said.
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