The Future Fund has appointed Paul Mann, a former manager of fund services at National Custodian Services (NCS), as chief financial officer, while a chief operating officer has also been appointed.
Mann was most recently an accounting executive at GE Money, prior to which he spent several years at NCS overseeing its backoffice outsourcing operations, with responsibility for distribution calculations and preparation of financial statements for clients. Before that he was an auditor at PricewaterhouseCoopers with a specialty in managed funds. Chief executive of the Future Fund management agency, Paul Costello, would not comment on the chief financial officer appointment. An announcement of a chief operating officer appointment is understood to be imminent.
13 February 2007 00:00
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Investments
The Future Fund delivered a 14.8 per cent one-year return to June 30, 2026, attributing the return to a combination of exposure to commodities, geographic diversification, an increased focus on active management and low exposure to bonds. Newly minted chief investment officer Richard Brandweiner also highlighted strong performance in emerging markets.
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