excessive

Hedge Funds

Risk rises by degrees at Future Fund

The Future Fund is focused on building a portfolio of “somewhat risky assets” in order to achieve its government-mandated return, says its chair, David Gonski. “The government has the right to proclaim mandates for the board, and the current and original mandate set a target benchmark return for the fund of CPI plus 4.5 to […]
Opinion

The world after the GFC: lessons not learned

The funds management industry is very good at analysing itself and trying to predict the future, not just of markets but also of the shape and constituency of the industry. That is not to say that its analyses and predictions turn out to be correct all that often. Opinions tend to gather around the consensus […]
Opinion

The world after the GFC: lessons not learned

The funds management industry is very good at analysing itself and trying to predict the future, not just of markets but also of the shape and constituency of the industry. That is not to say that its analyses and predictions turn out to be correct all that often. Opinions tend to gather around the consensus […]