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Future Generation Investment Fund Limited

Fund Manager: Future Generation Investment Company
Inception Date: Sep 01, 2014

Australia's first intensive outpatient program for young people with eating disorders and a targeted mental health national awareness campaign are among projects that investment guru Geoff Wilson's social investment funds are supporting. The Wilson Asset Management boss founded the "Future Generation" model as a way for the funds management and finance industry to "make a significant and ongoing impact to the community". [More]

It was an unconventional sales pitch from the doyen of Australian funds management, but it worked. Geoff Wilson’s two Future Generation listed investment companies — uniquely established to deliver social and investment returns — now have almost $700 million managed by the best fund managers who are intent on growing value for shareholders while donating their fees to charity. “My biggest concern in setting it up was asking fund managers to manage money for free,” Mr Wilson told The Australian. [More]

Australia’s first charitable-listed investment companies, set up to provide ongoing support for Australian not-for-profit organisations, are on track to donate a combined $6.82 million in 2017. Future Generation Investment Company Limited (FGX) says it expects to donate $3.82 million to Australian children and youth-at-risk charities this year and Future Generation Global Investment Company Limited (FGG) reports that it is on track to donate over $3 million to children and youth mental health charities. Announcing their financial results for the transitional six-month period to 31 December 2016, the companies said they would make a combined donation of at least $6.82 million to charity for the year ending June 2017. [More]

Mergers, Acquisitions and wind-ups in the LI ...

Steve Green from stevegreeny.com - Nov 28, 2016

This is a guest post from Steve Green. Steve is a full-time investor with a focus on LICs, event-driven and activist investing. You can follow some of his ideas at his investment blog here at www.stevegreeny.com One of the frustrations I have with many fund managers in the Australian equities market is their unwillingness to examine investing in LICs run by rival fund managers. I suspect many feel they do not need to outsource some of the job they do to a different fund manager. There may be ... [More]

CommSec to broker for charity

The Australian - Oct 19, 2016

Two charitable listed investment companies founded and directed by Geoff Wilson and backed by billionaires Solomon Lew, Andrew Forrest, Alex Waislitz and the Smorgon family have struck a deal with online broker CommSec to facilitate more charitable giving by investors. The Future Generation Global Company (FGG) and the Future Generation Investment Company (FGX) give shareholders exposure to top local and international fund managers who donate part of their assets to charities. The fund managers waive all fees for investors. The CommSec partnership will allow the online broker’s customers to purchase shares in FGX and FGG without paying brokerage fees. [More]

Future Generation firms give kids a helping hand

The Australian - Jul 18, 2016

The two Geoff Wilson-chaired charitable listed investment companies backed by billionaires Solomon Lew, Andrew Forrest, Alex Waislitz and the Smorgon family plan to grow to be the ­second-biggest donors in the local not-for-profit sector as they expand their assets to be worth more than $3 billion over the next decade. The Future Generation Global Company and the Future Generation Investment Company, which give shareholders exposure to top local and international fund managers who donate part of their assets to charities, will today reveal a total combined donation of $4.7 million to Australian youth and children’s charities for the 12 months to June 30. FGG, which listed on the ASX in September, will deliver its inaugural annual donation of $2.4m to Australian charities focused on children and youth mental health. FGIC will provide $2.29m to Australian charities focused on children and youth at risk following an inaugural donation of $1.6m in 2015. [More]

Future Leaders to fork out $2.2m to children's charities

Sydney Morning Herald - Feb 22, 2016

Future Generation Investment Company is on track to donate $2.2 million to charities this financial year, after the company increased its pre-tax operating profit fivefold to $5.7 million during the six months to December.  The $220 million listed investment company, which was founded by LIC veteran Geoff Wilson, will report a $4.5 million net profit for the half on Monday. The charity-focused LIC is invested in a series of funds manned by 16 fund managers including the likes of Bennelong Funds Management, LHC Capital, Paradice Investment Company and Eley Griffiths Group. It added Australian equities manager Tribeca Investment Partners and hedge fund Qato Capital to its line-up during the past year.  [More]

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