By Damon Kitney
Australian sport’s biggest investment fund, the Australian Olympic Foundation, managed to break even last year despite the ravages of the COVID-19 pandemic that resulted in a double-digit decline in the valuation of its assets in the March quarter.
Speaking with Future Generation Companies CEO Louise Walsh for the Conversations with Future Generation series, Australian Olympic Committee president John Coates revealed that the foundation was now valued at $170m, up from $101m when it was launched in 2001 following the Sydney Olympics.
While this represents annualised returns of just 2.7 per cent, Mr Coates said this did not take into account distributions to the AOC that are not reinvested.
Read more in The Australian.