Future Fund announces CEO departure after nearly two decades
He managed $356 billion in assets over six years while strengthening investment capabilities and maintaining strong long-term returns above institutional benchmarks.
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Australia's sovereign wealth fund
futurefund.gov.auLast updated
In short: Future Fund reported record returns and asset growth while navigating CEO and CIO leadership changes and an updated investment mandate.
He managed $356 billion in assets over six years while strengthening investment capabilities and maintaining strong long-term returns above institutional benchmarks.
The fund's value reached $269.1 billion with $28.3 billion added, and cost savings of $10-15 million expected.
Investment returns add $208.5 billion over 20 years, reaching $269.1 billion. 10-year return is 8.6% pa, exceeding 7.1% target.
Effective 1 July 2026. He previously led Pendal Group and First State Super. CEO Dr Raphael Arndt welcomes his investment expertise.
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