“Investing is a bit of an art and a science,” says Behncke. “We try and be as objective as we can. Anyone can veto an investment decision.”
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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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