TERRY MCCRANN

But the FF has nearly half its money – over $60 billion – in ‘private equity’, ‘property’, ‘infrastructure and timberland’ and ‘alternative assets’. As a private investor all those are forbidden territory.

The only way you can invest in those spaces is through a funds manager: the simple question is why not allow you to choose the FF as that funds manager?

Even if we hadn’t had the revelations this year from the

THE FUTURE FUND HAS EARNED 7.9 PER CENT A YEAR ON AVERAGE SINCE IT WAS SET UP. IT EARNED 10.4 PER CENT A YEAR OVER THE LAST FIVE YEARS, INCLUDING A SLIGHTLY LOWER 9.3 PER CENT IN THE LAST YEAR