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 November 2006 00:00
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Investments
The performance test 'side pocket' proposal in the just-released Your Future Your Super consultation paper removes barriers to investing in nation-building, but that does not mean that there will be more investment as a result. Understanding why requires looking at both sides of the table.
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