Arndt: Future Fund GFC Credit Allocations Returned Above 20%
Raphael Arndt · CIO Greatest Hits: Sovereign Wealth Funds – Raphael Arndt (Australia Future Fund) · Sep 1, 2025 · at 54:21
Raphael Arndt, CIO of Australia's Future Fund, recounts the fund's counter-cyclical credit deployment in 2008 and 2009.
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“It was probably about 15 to 20% of the portfolio into credit over about three months. So it was quite a big decision, and clearly that decision paid off very well. Those initial investments returned above 20%.”
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