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
Ryan Riedler, head of ASX core strategy, Australian equities at Cbus, says the fund will look to generate alpha locally through engagement and that internalisation will help it strengthen its connection with other market participants, as well as its brokers and service providers.
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