Daniel Kemp
The country's successful response to covid-19 might offer it a competitive edge over the UK and US once life normalises.
The A$53bn industry fund says it may have to invest over shorter time horizons if the early withdrawal scheme is extended.
The firm intends to bring a ‘bespoke’ UK-focused product to market this year, with the Low Carbon Power Fund approaching full deployment.
Changes to financial hardship provisions have seen members affected by covid-19 withdraw significant sums, with the largest funds and those with membership cohorts in struggling industries the hardest-hit.
S&P Global Ratings says it does anticipate secular change in the aviation sector but that consumer confidence will take some time to return.
The Australian fund manager continues to report publicly on emissions of its Australian assets and said it is making solid progress towards emissions reduction targets.
Raphael Arndt will move up from CIO to take on Future Fund’s top job and the sovereign wealth fund will soon launch a search for his replacement in the investment role.
‘We are confident we can use our capital to help build investor confidence in the emerging hydrogen sector,’ says CEFC CEO Ian Learmonth.
Shortly after covid-19 forced Australia into a period of lockdown, three industry figures told us how they are responding to the crisis – and why they still sense some reasons to be positive.
Future Fund recorded a -3.2% return for the quarter to end of March 2020 and has not yet revalued its unlisted assets.