Future Generation

Listed

September 2014

ASX Code

FGX

 

 

30 June 2021

Gross assets
$591.5m
Share price
$1.375
Pre-tax net tangible assets
$1.46
Fully franked full year dividend
5.2c
Fully franked
dividend yield
3.8%

Investment Portfolio Performance

Investment portfolio performance at 30 June 20216 mths1 yr3 yrs
%pa
5 yrs
%pa
Since inception
%pa (Sept-14)
Future Generation Australia 12.8% 33.6% 10.7% 11.6% 10.8%
S&P/ASX All Ordinaries Accummulation Index 12.6% 30.2% 10.3% 11.5% 8.8%
Investment Portfolio Outperformance 0.2% 3.4% 0.4% 0.1% 2.0%

Investment portfolio performance and index returns are before expenses, fees and taxes

Australian fund managers, supporting children and youth at risk.

Future Generation Australia gives investors the opportunity to gain unprecedented access to a group of prominent Australian fund managers in a single investment vehicle while supporting Australian charities focused on children and youth at risk.

Fund managers

Charities

Service providers

Management, Board and Investment Committee

Kate Thorley

Acting Chief Executive Officer and Director

Kate is the Acting Chief Executive Officer of the Future Generation companies. Kate has over 16 years’ experience in the funds management industry and more than 21 years of financial accounting and corporate governance experience. Kate is the Chief Executive Officer of Wilson Asset Management (International) Pty Limited, Director of WAM Capital Limited, WAM Research Limited, WAM Active Limited, WAM Leaders Limited, WAM Microcap Limited, WAM Global Limited, WAM Strategic Value Limited, Future Generation Australia and Future Generation Global. She holds a Bachelor of Commerce, a Graduate Diploma in Applied Finance and Investment, Graduate Diploma of Applied Corporate Governance and is a fully qualified Chartered Accountant. She is a graduate member of the Australian Institute of Company Directors.

Emily Fuller

Social Impact Manager

Emily is the Social Impact Manager for the Future Generation companies. Emily’s experience in the private and not-for-profit sector spans strategy, communications, research, international development and philanthropy. She has deep expertise in strategic philanthropy, social innovation and spent 10 years as foundation manager of the Vincent Fairfax Family Foundation prior to joining Future Generation in 2020. Emily has completed the Senior International Fellows Program at the City University of New York. She is a Director of Mundango Abroad, a private ancillary fund grantmaking in Papua New Guinea and a graduate of the Australian Institute of Company Directors.

Jonathan Trollip

Chairman

Jonathan has over 30 years legal and commercial global experience and is currently a professional non-executive director. Previously, Jonathan was a principal of Sydney based finance group Meridian International Capital Limited and before that a partner of Herbert Smith Freehills (previously Freehills) which he joined after qualifying and working as a lawyer in London. Jonathan has post graduate degrees in Economics and Law, is a Fellow of the Australian Institute of Company Directors (AICD) and has been admitted to practice as a solicitor in England and Australia.

Caroline Gurney

Director

Caroline has been appointed Chief Executive Officer of Future Generation and will commence in September 2021. Caroline is currently Managing Director and Head of Marketing & Corporate Communications, Australasia and Deputy Chief Communication Officer, Asia Pacific at UBS. She is a member of the UBS Management Committee and a Director of the UBS Australia Foundation. Prior to joining UBS in 2002, Caroline was Vice President, Director of Corporate Affairs, Asia Pacific for Citibank N.A. In addition to roles in Australia, Caroline has worked in Singapore, Hong Kong and London. Caroline is currently a member of the Ascham School Council and the Centennial Park & Moore Park Trust. She is also a director of Our Watch, a charity focused on preventing violence against women and children, and an ambassador for the Australian Indigenous Education Foundation.

Stephanie Lai

Director

Stephanie is a Chartered Accountant and a former partner of KPMG and Deloitte, with over 16 years’ professional experience advising corporates, private equity and institutional investors undertaking mergers and acquisitions, equity and debt raisings. Stephanie served for four years as a non-executive director and chair of the audit, risk and finance committee of SHINE for Kids, a not-for-profit organisation supporting children who have a parent in the criminal justice system. She also founded, grew and successfully divested an online retail business. Stephanie has a Bachelor of Business from the University of Technology Sydney and is a graduate member of the Institute of Chartered Accountants Australia and the Australian Institute of Company Directors.

David Leeton

Director

David is a senior executive of the Victor Smorgon Group (VSG). Over the past 22 years David has been actively involved in all facets of the Groups’ investments and philanthropy interests. David is the MD for Victor Smorgon Partners, a co-investment business branch of VSG plus the manager of direct family investments. David was formerly the CFO for the Victor Smorgon group for over 15 years and was responsible for the financial reporting, financing and treasury for the group. David holds a Bachelor of Business (Banking & Finance), a Graduate Diploma in Accounting and is a fully qualified CPA.

David Paradice AO

Director

David founded Paradice Investment Management in 1999. Paradice Investment Management invests in equities around the world with offices in Australia and the USA. Paradice Investment Management manages four funds: Small Cap Australian Equities Fund, Mid Cap Australian Equities Fund, Large Cap Australian Equities Fund and Global Small Mid Cap Fund. David holds a Bachelor of Commerce from The University of Sydney, a Diploma of Companies Directors from the Australian Institute of Companies Directors, a Diploma of Finance and Investment from the Securities Institute of Australasia and a Professional Year from the Institute of Chartered Accountants Australia. He is a Fellow member of the Australian Institute of Company Directors, the Financial Services Institute of Australasia and the Institute of Chartered Accountants Australia.

Gabriel Radzyminski

Director

Gabriel is Managing Director of Sandon Capital Pty Limited, a firm specialising in activist investing. Sandon Capital Pty Limited is the investment manager of two wholesale managed investment schemes and a listed investment company. Gabriel has been involved in the financial services sector for more than 20 years.

Gabriel serves as Chairman of Sandon Capital Investments Limited, an executive director of Mercantile Investment Company Limited and a executive Director of Murchison Metals Limited. Gabriel also has a BA (Hons) and MCom, both from the University of New South Wales.

Geoff Wilson AO

Founder and Director

Geoff Wilson has over 41 years’ direct experience in investment markets having held a variety of senior investment roles in Australia, the UK and the US. Geoff founded Wilson Asset Management in 1997. Geoff created Australia’s first listed investment companies to deliver both investment and social returns, Future Generation Australia and Future Generation Global. Geoff holds a Bachelor of Science, a Graduate Management Qualification and is a Fellow of the Financial Services Institute of Australia and the Australian Institute of Company Directors (AICD). Geoff Wilson is currently Chairman of WAM Capital Limited, WAM Leaders Limited, WAM Global Limited, WAM Microcap Limited, WAM Research Limited, WAM Active Limited and the Australian Stockbrokers Foundation.

Jesse Hamilton

Joint Company Secretary

Jesse is the Joint Company Secretary of Future Generation Australia and Future Generation Global. Jesse is Chief Financial Officer at Wilson Asset Management and has over 13 years’ experience working in advisory and assurance services, specialising in funds management, valuations, mergers and acquisitions, financial due diligence and capital raising activities for listed investment companies (LICs). As the Chief Financial Officer of Wilson Asset Management, Jesse oversees the finance, accounting and company secretary responsibilities for the listed investment companies (LICs) managed by Wilson Asset Management, in addition to Future Generation Australia and Future Generation Global. Prior to joining Wilson Asset Management, Jesse worked as the Chief Financial Officer of an ASX listed company.

Mark Licciardo

Joint Company Secretary

Mark is the founder and Managing Director of Mertons Corporate Services. A former company secretary of Top 50 ASX listed companies Transurban Group and Australian Foundation Investment Company Limited, his expertise includes working with boards of directors in the areas of corporate governance, administration and company secretarial. Mark is a Fellow of the Australian Institute of Company Directors (AICD), the Institute of Company Secretaries and Administrators and the Governance Institute of Australia. Mark is a current director of a number of ASX listed public and private companies and a former Chairman of the Governance Institute of Australia Victoria division, Melbourne Fringe Festival and the Academy of Design Melbourne (LCI Melbourne).

John Coombe

Investment Committee

John is a Principal Consultant and a Director at investment consulting firm JANA and has worked at the firm since 1988. Prior to joining JANA, John’s experience included 10 years at the State Electricity Commission of Victoria (SECV), where he worked in the superannuation, treasury and accounting areas. John holds a Diploma of Business Studies from Footscray Institute of Technology and is a qualified accountant.

Matthew Kidman

Investment Committee

Matthew is Principal and Portfolio Manager of Centennial Asset Management Pty Limited. Matthew previously worked as a Portfolio Manager at Wilson Asset Management (International) Pty Limited between 1998 and 2011. Prior to joining Wilson Asset Management, Matthew worked as a finance journalist at the Sydney Morning Herald between the years 1994 and 1998. In 1997, he was made Business Editor of the paper and was charged with the responsibility of company coverage. He has degrees in Law and Economics and a Graduate Diploma in Applied Finance.

David Smythe

Investment Committee

David was a co-founder of Zenith Investment Partners, which commenced in November 2002 and went on to become a leading provider of investment research and advice to the intermediary / wholesale market. Prior to his departure, Zenith controlled approximately 33% of the wholesale investment research market which totalled approximately 18,000 financial advisers and $650bn in FUA. In December 2019 private equity firm, Five V Capital, bought a majority stake in Zenith and David exited the business having built the business from a start-up.

Prior to forming Zenith, David was a founding shareholder and held an executive position at InvestorWeb (alter rebranded IWL Limited). IWL was a diversified financial services business which listed on the ASX in 1999.

Bruce Tomlinson

Investment Committee

Bruce is Head of Alternative Strategies at Sunsuper in Sydney, a position he has held since October 2007. He was also a Portfolio Manager of Australian Equities at Sunsuper from 2011 to 2014. Prior to this Bruce was a Statutory Fund Manager at AMP Capital Investors from August 1999.

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