Future Fund increases PE allocation to 5.3%

31st Jan 12

In releasing its latest portfolio statement, the Future Fund has again increased its private equity allocation as a proportion of total assets.

The PE allocation over the last quarter increased to 5.3% (to $3.9b), up from 5% the previous quarter. This follows previous quarterly increases to 3.9% and 3.4%.

In the statement, FF Board of Guardians Chair David Murray said: “In this environment, the Board continues to place a premium on patience and liquidity, ensuring that the portfolio is prudently positioned to take up  attractive opportunities while avoiding excessive risk.

“Notwithstanding the current environment, the Future Fund was set up as a long term investment fund and the Fund’s statutory purpose and mandate leads the Board to continue to position the portfolio to achieve its long term objective."

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