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The Latest Breaking News from the Future Fund

Future Fund spent $20,000 to send CEO’s executive assistant on business class trip to scope hotels in US

Government also reveals it spent nearly $100,000 sending minister Anika Wells and two others to US during UN general assembly

The Guardian - AU

TSLA Stock Experiencing Boost Due To These 2 Factors, Says Gary Black

Gary Black, Managing Partner of The Future Fund, outlined the two main factors giving the Tesla Inc. (NASDAQ:TSLA) stock a boost.

Benzinga

Musk's $1 Trillion Pay Package Faces 'Near Zero Chance' Of Rejection, Says Gary Black — Investors Should Approve Or 'Lose The Vision,' Says Tom Nash

Gary Black, managing partner at The Future Fund, believes Tesla Inc. (NASDAQ:TSLA) shareholders are overwhelmingly likely to approve CEO Elon Musk's proposed, nearly $1 trillion pay package at the upcoming November 6 meeting.

Benzinga

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Australia’s Future Fund discloses huge profits from weapons manufacturers despite fierce criticisms of support for industry

Value of shares in eight companies rockets amid sharpest increase in military spend since cold war

The Guardian - AU

Taxpayers lose £400m as result of investment fund set up by Rishi Sunak

Report shows 334 companies backed by Future Fund, set up in May 2020 by then chancellor, have since gone under

The Guardian - UK

Future Fund eclipses $250b after bumper return

Australia's sovereign wealth fund has delivered a strong result for financial year 2025, despite significant global economic turmoil.

AAP

Gary Black Warns Tesla Q2 Deliveries Will 'Disappoint' — Says Cheaper Models Could Cannibalize Sales And See Ideal Re-Entry 22% Below Current Levels

Investor Gary Black, the founder of The Future Fund, has issued a cautious outlook on Tesla Inc.’s (NASDAQ:TSLA) upcoming second-quarter deliveries, saying that the EV giant is likely to miss estimates.

Benzinga

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Trump speeds Future Fund's retreat from US markets

Chair Greg Combet says Australia's Future Fund must diversify its portfolio, including with investments in domestic data centres, to insure against volatility.

AAP

Market turmoil could stoke inflation: Future Fund

The Future Fund has outperformed the broader market and its own target but its managers warn market uncertainty could lift bond yields and reignite inflation.

AAP

US investments boost Australia's sovereign wealth fund

Strength in US shares has helped Australia's sovereign wealth fund deliver a bumper 12.2 per cent return in 2024, exceeding its 6.4 per cent growth mandate.

AAP

Tesla Bull Gary Black Says Cybercab Won't See An Early Roll Out, Expects A Cheaper Compact Car Under $30K To Launch In First Half Of 2025

Gary Black of The Future Fund LLC confirmed that Tesla's Cybercab won't launch until 2026, dismissing early rollout rumors, while highlighting the company's focus on a $30K EV slated for 2025.

Benzinga

Deloitte predicts December budget update will show bottom line has worsened since May, in fiscal ‘thud’

Next month’s update of the federal budget will forecast a bigger deficit for 2024-25 than was predicted in the May budget, according to the Deloitte Access Economics’ Budget Monitor, released on Tuesday.

The Conversation

The fierce reaction to Australia’s new Future Fund mandate is a throwback to a bygone era

Peter Costello and John Howard should note that sovereign wealth funds now typically consider national policy objectives in their decisions

The Guardian - AU

Is using the Future Fund for housing, energy and infrastructure really ‘raiding Australia’s nest egg’?

Australia has a seriously big “nest egg”. The Future Fund – our sovereign wealth fund set up in 2006 – now manages about $230 billion.

The Conversation

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AAP

Coalition vows to overturn extra Future Fund priorities

Adding clean energy and housing as supplementary investment priorities for Australia's sovereign wealth fund has drawn sharp rebuke from the opposition.

The Guardian - AU

Australia’s Future Fund to invest in housing, infrastructure and energy transition under new mandate

Sovereign wealth fund’s statement of expectations will be updated for the first time in 15 years

The Conversation

Australia’s $230 billion Future Fund encouraged to invest in housing, energy transition, infrastructure

The Albanese government has rewritten the mandate of the Future Fund – the nation’s sovereign wealth fund – to urge it to direct investment into the “national priorities” of housing, the energy transition and infrastructure, where the risk and returns are acceptable.

The Conversation

Winston Peters’ $100 billion infrastructure fund is the right idea. Politics-as-usual is the problem

New Zealand’s infrastructure woes are a constant political pain point. From ageing water systems to congested roads and assets increasingly threatened by climate change, the country faces mammoth upgrading and future-proofing challenges.

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The Independent UK

Crispin Blunt’s drug policy unit loses thousands of taxpayer money

The CDPRG aimed to allow access to cannabis-based medical products and reform wider drug policy following the “current failure of prohibition”.

Evening Standard

Was the Future Fund a failure? It's too early to tell

City Voices: With close to 700 companies in which the fund now holds shares, it only takes one to have made the whole thing a success

AAP

Changing of the guard at Future Fund puts Combet at top

Former ACTU leader and Labor minister Greg Combet is the new chair of Australia's sovereign wealth fund, replacing Liberal stalwart Peter Costello.

Fortune

How Elon Musk’s solar ambitions fell back to earth

The revolutionary "solar roof" is one of Musk's best products. How come nobody's buying it?

The Guardian - UK

Labour asks watchdog to investigate Sunak over wife’s interest in startup fund

PM’s much-criticised Future Fund, set up during the pandemic, gave £2m to companies co-owned by Akshata Murty

The Guardian - UK

Sunak’s Covid startup fund invested nearly £2m in firms linked to his wife

Four businesses linked to Akshata Murty revealed to have received investment from much-criticised Future Fund

AAP

Future Fund boss Peter Costello won't seek third term

Australia's former federal treasurer Peter Costello won't seek a third term as chair of the Future Fund and recruitment for his replacement is underway.

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