Watson Wyatt has been selected as the asset consultant for the Future Fund, with the contract being signed today.
Future Fund general manager, Paul Costello, said: “In conjunction with internal staff, Watson Wyatt will provide the board with advice on a range of issues including establishing an investment mission and philosophy, the development of the strategic asset allocation for the fund, and setting the transition strategy for entry into financial markets”. Watson Wyatt has already advised the Commonwealth Treasury on investment strategy for the Future Fund.
21/11/2006
entry, markets;, wyatt, watson, strategy, allocation, strategic, transition, commonwealth, signed, advised, conjunction
Investments
Australia’s sovereign wealth fund has added an active equity strategy from a local boutique manager to its emerging markets allocation and dropped one of its existing providers after signaling it had identified "inefficiencies" in the space.
Leave a Comment
You must be logged in to post a comment.