On 18May 2005 Treasury released a Request for Tender for the services of an asset consultant to assist the Government’s consideration of the investment mandate for the Future Fund.
Following careful assessment against the evaluation criteria set out in the Request for Tender, Treasury has selected Watson Wyatt as the preferred tenderer.
Watson Wyatt will provide advice to the Government on a range of issues including the type of asset classes the Government might invest in, the expected returns and the associated level of risk; whether any restrictions should exist on investment in particular asset classes, given the objectives of the Fund; and potential impacts on financial markets from the entry and ongoing investment activities of the Fund.