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
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Investments
Some investors are “missing the point” of geopolitical risks by equating them to the disruptions from conflicts and wars, according to GIC chief economist Prakash Kannan, but in reality, geopolitical risk is no longer episodic or peripheral. This means investors need to think harder about inflation and country composition in their portfolio.
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