federal government

Investment Strategy

Budget to unleash infrastructure sell-off

The Federal budget in May is to prioritise measures that will help states sell off brownfield infrastructure assets, the assistant treasurer Arthur Sinodinos has promised. Speaking at a Value Alliance gathering in Sydney, Sinodinos said state governments would be offered incentives to use money gained from asset sales for building new assets – spending that […]
Investment Strategy

Steve Harker next Future Fund chairman

Steve Harker, who has been head of Morgan Stanley in Australia for 14 years, is to be appointed chairman of the $73 billion Future Fund, says a person familiar with the matter. The 56 year-old Harker has been head of the Wall Street firm’s Australian business since 1998. He joined New York-based Morgan Stanley from […]
Investment Strategy

Future Fund’s assets drop to $73.07 billion

The Future Fund’s total assets under management fell to $73.07 billion as of December 31 compared with $73.18 billion as of September 30. The Melbourne-based fund’s return in the six months to December 31 was minus 3.1 per cent. “Underlying pressures remain and Europe continues to wrestle with debt-related challenges and the risk of recession,” […]