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The Future Fund operates as Australia's sovereign wealth fund, established with the core purpose of investing for the benefit of future generations of Australians. Its primary function involves managing a diversified portfolio of assets to strengthen the nation's long-term financial position. The fund employs sophisticated investment strategies across various asset classes, aiming to achieve strong, risk-adjusted returns to meet its substantial and enduring objectives.
Established in 2006, the Future Fund was conceived to address significant long-term liabilities facing the Australian government, particularly unfunded superannuation for public servants. This forward-thinking initiative was a strategic move to proactively secure fiscal stability rather than relying solely on future tax revenues. It represents a commitment to intergenerational equity, providing a dedicated pool of capital to absorb impending financial burdens.
The fund's beneficiaries are effectively the future taxpayers and citizens of Australia, ensuring that future governments have resources to fund commitments without undue strain. Its vision centers on building a robust financial endowment that contributes to the nation's prosperity and stability for decades to come, thereby safeguarding essential public services and minimizing the economic burden on future populations.
Key people at Future Fund.
Future Fund refers primarily to two distinct investment entities with different missions and structures: one is a Chicago-based hedge fund and ETF advisor, and the other is a Connecticut Innovations venture fund focused on diversity-driven startups. Below is a detailed overview of each.
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Future Fund LLC (Chicago Hedge Fund & ETF Advisor):Future Fund LLC is an SEC-registered investment advisor based in Chicago managing over $200 million in assets across actively managed ETFs and discretionary portfolios. Their mission centers on identifying and investing in secular growth opportunities—long-term, transformative market trends that shape the future economy. They build concentrated, high-conviction portfolios focused on companies that can change the world by capitalizing on these fundamental shifts. Key sectors include technology, healthcare, and consumer innovation, with holdings in companies like NVIDIA, Alphabet, and Eli Lilly. Their impact lies in providing investors access to thematic growth investing through ETFs and managed accounts[1][3][4][5].
Future Fund (Connecticut Innovations Diversity Venture Fund):This Future Fund is a $50 million venture capital fund managed by Connecticut Innovations, dedicated to investing in tech-enabled startups led by diverse founders. Their mission is to empower underrepresented entrepreneurs—especially female, Latinx, and Black founders—by providing seed and pre-seed capital, typically ranging from $250,000 to $1.5 million. They focus on backing high-quality teams building scalable businesses in growing markets, thereby fostering diversity and inclusion in the startup ecosystem. This fund plays a critical role in addressing the venture capital funding gap for diverse founders and accelerating their growth[2].
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Future Fund LLC (Chicago Hedge Fund & ETF Advisor):Founded by Gary Black, a seasoned investment professional with leadership experience at Goldman Sachs, Janus, and Black Capital, Future Fund LLC evolved to focus on secular growth investing. Gary Black transitioned from analyst roles to institutional leadership, eventually founding and selling a successful investment firm before establishing Future Fund LLC. The firm has grown its assets under management significantly, now managing multiple ETFs and discretionary portfolios focused on thematic growth[3][5].
Future Fund (Connecticut Innovations Diversity Venture Fund):Launched by Connecticut Innovations, this fund is managed by Alison Malloy, a veteran investor and former CEO/co-founder of a Connecticut-based tech startup with successful exits. Alison’s background spans GE Capital, management consulting, and startup leadership. The fund emerged from the recognition of stark disparities in venture capital funding for diverse founders, aiming to close this gap by providing targeted capital and support. Early traction includes backing startups that demonstrate strong potential for rapid scaling and global impact[2].
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Future Fund LLC (Chicago Hedge Fund & ETF Advisor):- Unique Investment Model: Concentrated, high-conviction portfolios focused on secular growth megatrends.- Network Strength: Leadership with deep industry and institutional investment experience.- Track Record: Managing over $200 million in assets with active ETFs launched since 2023.- Operating Support: Active portfolio management with a focus on thematic investing and risk management[3][4][5].
Future Fund (Connecticut Innovations Diversity Venture Fund):- Investment Philosophy: Prioritizes diversity and inclusion by backing underrepresented founders.- Network Strength: Leverages Connecticut Innovations’ ecosystem and Alison Malloy’s entrepreneurial and investment experience.- Impact Focus: Addresses systemic venture capital funding disparities.- Operating Support: Provides active board participation and strategic guidance to portfolio companies[2].
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Future Fund LLC (Chicago Hedge Fund & ETF Advisor):Rides the wave of secular growth investing, capitalizing on long-term trends such as AI, digital transformation, and healthcare innovation. The timing is favorable due to accelerating technological change and investor demand for thematic growth exposure. By managing ETFs and discretionary portfolios, Future Fund influences how retail and institutional investors access these trends, shaping capital flows into transformative companies[3][4][5].
Future Fund (Connecticut Innovations Diversity Venture Fund):Aligns with the growing movement to increase diversity, equity, and inclusion (DEI) in tech entrepreneurship. The fund addresses market forces pushing for more equitable startup funding and supports innovation from diverse perspectives. Its role is pivotal in expanding the startup ecosystem’s inclusivity, which can lead to broader innovation and economic growth[2].
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Future Fund LLC (Chicago Hedge Fund & ETF Advisor):The firm is poised to expand its ETF offerings and grow assets under management by continuing to identify and invest in emerging secular growth themes. Trends such as AI, clean energy, and biotech will likely shape their portfolio evolution. Their influence may grow as thematic investing gains popularity among investors seeking long-term growth aligned with global innovation[3][4][5].
Future Fund (Connecticut Innovations Diversity Venture Fund):Looking ahead, the fund will likely increase its investments in diverse founders, potentially expanding its capital base and influence. As DEI remains a critical focus in venture capital, the fund’s role in nurturing underrepresented entrepreneurs could deepen, helping to reshape the startup ecosystem toward greater inclusivity and innovation[2].
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Both entities named Future Fund play distinct but important roles in the investment landscape—one through thematic growth investing in public markets, and the other through targeted venture capital investments fostering diversity in tech startups.
Key people at Future Fund.
