Commonwealth Funds Management Limited
CFM · Commonwealth Funds Management
1991 – December 1996
Commonwealth-owned funds management company that managed investments of the Commonwealth public sector superannuation funds until it was sold in 1996.
How it came into existence
Formed in the early 1990s, about 1991, as a Commonwealth-owned company. It carried on investment management of the Commonwealth superannuation funds after the Superannuation Fund Investment Trust gave way to the CSS and PSS boards in 1990. Its exact date of incorporation, its ownership structure and whether it took over the Trust's investment staff are not confirmed.
How it ended
Sold by trade sale in December 1996 for $62.5 million, as one of the Commonwealth's asset sales. The buyer is not confirmed.
Main functions
- Investment management for the Commonwealth superannuation funds
- Funds management services
Where it sits
Last in the portfolio of Department of Finance.
Lineage
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Sources
Government records and websites
Some dates or links for this organisation are uncertain. Corrections are welcome.