Rising global inequality fuels populist policies and market intervention, Australia wealth fund chief warns

Businesstimes
2025.11.20 12:35
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Rising global inequality is leading to more populist policies and market interventions, according to Raphael Arndt, CEO of Australia's Future Fund. Speaking at the Bloomberg New Economy Forum, he highlighted increased geopolitical risks and state intervention in strategic industries. The Future Fund has reduced US exposure and increased holdings in gold and hedge funds to mitigate economic shocks. Nasdaq CEO Adena Friedman emphasized the need for vibrant public markets, while Nu Holdings CEO David Vélez advocated for more capitalism to support growth in Latin America.

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