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AUSTRALIAN GOVT TO PAY HEAD OF FUTURE FUND US$384,500 A YEAR.
CANBERRA, Nov 1 Asia Pulse - The man chosen to manage the federal government's superannuation bank account - the Future Fund - will be paid at least half a million Australian dollars (US$384,500) a year.
The Future Fund was set up to cover the liabilities of public servants' superannuation and will soon become Telstra's (ASX:TLS) single largest shareholder.
The government is preparing to offload $A8 billion ($US6.18 billion) worth of shares from its 51.8 per cent stake in the telco - about one third of its shareholding - and will park the remainder of the shares in the Future Fund.
Paul Costello, who has headed the New Zealand Superannuation Fund, takes up his post as general manager of the Future Fund Management Agency next month.
Future Fund chairman David Murray said Mr Costello's ,000 salary included superannuation, and the executive will also ...
- AUSTRALIAN GOVT DECISION ON FUTURE FUND SPARKS CRITICISM.
- News wire article from: AsiaPulse News May 25, 2007 700+ words
...plan to tap the Future Fund to help pay for...Treasurer Peter Costello said nothing...Northern Trust. Mr Costello said the appointment...intervene as the Future Fund was an independent...Northern Trust," Future Fund Management Agency general manager Paul Costello ...
- HEAD OF AUSTRALIA'S FUTURE FUND DEFENDS NORTHERN TRUST.
- News wire article from: AsiaPulse News May 25, 2007 700+ words
...25 Asia Pulse - Future Fund chief executive Paul Costello today defended...decision." Mr Costello said he accepted...working at the Future Fund would come under...markets," Mr Costello said. The Future Fund saw itself as...
- AUSTRALIA'S FUTURE FUND TO START INVESTING THIS YEAR.
- News wire article from: AsiaPulse News February 13, 2007 700+ words
...financial year," Paul Costello, general manager of the Future Fund Management Agency...community." Mr Costello said the agency...in place." Mr Costello hopes this will...by June." The Future Fund is being established...
- Indiana Future Fund Invests in Triathlon Medical Ventures Fund; Life Sciences...
- Press release article from: Business Wire October 5, 2004 700+ words
...initiative, the Indiana Future Fund is a $73 million...Triathlon is the Future Fund's sixth investment...partners Dennis Costello, Suzette Dutch...added Dennis Costello, Triathlon managing...of the Indiana Future Fund and the addition...
- AUSTRALIAN FUTURE FUND WILL TAKE RISKS TO MEET LONG TERM GOALS.
- News wire article from: AsiaPulse News February 25, 2009 700+ words
...568 billion) Future Fund will have to take...agency says. Paul Costello has told a Senate...return." The Future Fund was set up in 2006...60 billion. Mr Costello said the fund...they started, Mr Costello said. "Despite...the view that the Future Fund will come ...
- Future Fund taps Watson Wyatt as first consultant.(Future Fund Management...
- Magazine article from: Pensions & Investments December 11, 2006 700+ words
...Australia - The Future Fund Management Agency...consultant. Paul Costello, general manager...selections. The Future Fund, which covers...next year. Mr. Costello said the consultant...evolve'' as the Future Fund builds internal...
- AUSTRALIA'S FUTURE FUND MAKES 6.24 PCT NET RETURN IN FIRST YR.
- News wire article from: AsiaPulse News October 19, 2007 700+ words
...36 per cent. However, the Future Fund board said in the report that...transitional period we are in," Future Fund chairman David Murray said...rolling five-year periods." Future Fund general manager Paul Costello defended the fund's decision...
- MOST OF AUSTRALIA'S RECORD SURPLUS DEPOSITED IN FUTURE FUND.
- News wire article from: AsiaPulse News September 29, 2006 700+ words
...election. Treasurer Peter Costello today unveiled a record...superannuation bank account, the Future Fund. After paying off nearly...s credit card, Mr Costello declared the commonwealth...the surplus into the Future Fund, where it is parking...cautious decision, Mr Costello ...
Source: HighBeam Research, AUSTRALIAN GOVT TO PAY HEAD OF FUTURE FUND US$384,500 A YEAR.