Australian institutions take steps to guard against inflation risks

The chief executive of Australia’s $200 billion sovereign wealth vehicle the Future Fund has reiterated a warning that the investment community must avoid complacency in the face of persistent high inflation. Raphael Arndt, who is also the Future Fund's chief investment officer, said a reliance on traditional assets and plain vanilla strategies would not help counter the risks of inflation, and that adhering to traditional 60/40 equity/bond portfolio construction was no longer suf…