93: Australia's Sovereign Wealth Fund - With Ben Samild, Deputy CIO of Future Fund
Money Maze Podcast20 Huhti 2023

93: Australia's Sovereign Wealth Fund - With Ben Samild, Deputy CIO of Future Fund

In 2002, the Australian Federal Treasurer, Peter Costello, commissioned the Australian Treasury to look at the long-term issues facing the nation and how adequately current generations were preparing for future ones. The message was bleak; “Australia’s ageing population would put immense stress on public finances, especially on health and aged care spending, over the next four decades”.


To help address this, the Future Fund was created, and it now looks after six public asset funds (totalling AUD $243.5bn of AUM, as of 31/12/22).


So in the second episode of our Super Allocator Miniseries, Ben Samild, Deputy CIO of Future Fund, explains its mission and strategy, including Future Fund’s mandate to achieve CPI + 4-5% returns per annum.


He explains the “total portfolio approach”, why they locate portfolio managers close to another, their approach to external manager selection, and why in the words of their former CEO that “too many institutional investors arbitrarily filled pre-determined asset class buckets with too many average quality assets in the name of diversification…risk management at its worst!“


From commodities to FX, from concentration to ESG issues, this is a compelling conversation that crosses borders and asset classes, challenging some conventional thinking.

Sign up to our newsletter for more in-depth insights | Follow us on LinkedIn


The Money Maze Podcast is kindly sponsored by Schroders, Bremont Watches, LiveTrade and Mintus.


Jaksot(231)

132: Why We Need Integrated Energy Companies - With Ann Davies, bp Senior Vice President, Wells

132: Why We Need Integrated Energy Companies - With Ann Davies, bp Senior Vice President, Wells

Our guest today earned her master’s degree in physics, captained her rugby team at Oxford, and then a few years later was posted as bp’s engineering manager to Baku, Azerbaijan. She then spent time a...

21 Maalis 202442min

131: Wine, Whisky and Champagne: Buy, Sell or Hold? With Gary Boom, Founder and CEO of Bordeaux Index

131: Wine, Whisky and Champagne: Buy, Sell or Hold? With Gary Boom, Founder and CEO of Bordeaux Index

In May 2021, we turned our attention to an investor dilemma – Should we view wine as a proper asset class? And how should we think about the wine industry, unmodernised for so long, but ripe for chang...

14 Maalis 202444min

130: How Passive Investing May Have Created a Bifurcated Market for Value Investors

130: How Passive Investing May Have Created a Bifurcated Market for Value Investors

In this bitesize feature, David Einhorn, Founder & President of Greenlight Capital, discusses the potential impact passive investing has had on value investors, and where opportunities may lie.  Davi...

11 Maalis 20248min

129: Private Markets Miniseries: Season 2 Highlights

129: Private Markets Miniseries: Season 2 Highlights

In today’s episode, the Money Maze Podcast takes a short trip back to 2023 to revisit our Second Private Markets Series.  We shared fascinating conversations with guests from the likes of TPG, Tikeha...

29 Helmi 202442min

128: Money Maze Vignettes: From Baseball Icon to Warren Buffet 2.0? (With Alex Rodriguez, CEO of A-Rod Corp & Former Baseball Pro)

128: Money Maze Vignettes: From Baseball Icon to Warren Buffet 2.0? (With Alex Rodriguez, CEO of A-Rod Corp & Former Baseball Pro)

In this bitesize feature, A-Rod Corp’s CEO, Alex Rodriguez, discusses principal capital, creating opportunities for partners, and A-Rod’s geographical scope. In the full interview, Alex speaks about ...

23 Helmi 20246min

127: PIMCO: Insights from the CEO of a $1.8 Trillion Fixed Income Manager

127: PIMCO: Insights from the CEO of a $1.8 Trillion Fixed Income Manager

With a successful career incorporating 18 years at Goldman Sachs, and then CEO of the Man Group, Emmanuel explains today’s landscape for investors across the fixed income universe. He explains PIMCO’...

15 Helmi 202455min

126: Lessons from 5 Decades of Investing – With Rosalind M. Hewsenian, CIO of Helmsley Charitable Trust

126: Lessons from 5 Decades of Investing – With Rosalind M. Hewsenian, CIO of Helmsley Charitable Trust

Why does a teacher trained to help children with special needs decide to  switch, earn an MBA, then work at Pepsi, become an investment consultant, and end up becoming CIO at an $8 billion dollar foun...

8 Helmi 202448min

125: Is Active Management Worth Paying For? With Terry Smith (CEO, CIO & Founder of Fundsmith)

125: Is Active Management Worth Paying For? With Terry Smith (CEO, CIO & Founder of Fundsmith)

Our guest today has been referred to as "the English Warren Buffett" for his style and success in investing. His book, published in 1992, Accounting for Growth, and its ensuing controversy helped prop...

25 Tammi 202454min

Suosittua kategoriassa Liike-elämä ja talous

sijotuskasti
mimmit-sijoittaa
psykopodiaa-podcast
rss-rahapodi
rss-sisalto-kuntoon
rss-rahamania
ostan-asuntoja-podcast
herrasmieshakkerit
rahapuhetta
sijoituspodi
rss-lahtijat
rss-karon-grilli
oppimisen-psykologia
lakicast
rss-startup-ministerio
rss-bisnesta-bebeja
rss-paasipodi
rss-yrittajan-mindset
rss-viisas-raha-podi
rss-draivi