Future Fund pivots to gold and active funds in a ‘permacrisis’ world

The Future Fund says it is buying gold, hiring active fund managers and avoiding fixed-rate bonds to protect its $261 billion portfolio against rising inflation, with the sovereign wealth investment giant warning the world appeared to be permanently poised on the edge of crisis.

In a 17-page position paper, the fund outlined a plan to deal with a rise in social and geopolitical tensions that could make conditions tough for institutional investors to match returns of the past three decades.

Source: https://www.afr.com/markets/equity-markets/future-fund-pivots-to-gold-and-active-funds-in-a-permacrisis-world-20251117-p5nfxb