This week in The Fin podcast, companies editor Vesna Poljak and senior reporter Jonathan Shapiro on the reasons behind the Future Fund’s about face and why its decision was a jolt to the investment industry. And senior correspondent Jacob Greber gives his take on this week’s federal budget.

Required reading:

• Is this the dawn of the age of active investing There was a buzz in the lobby of Sydney Sheraton hotel on Thursday morning among the fund managers in attendance at The Australian Financial Review Alpha Live conference.
• Future Fund to embrace stock picking again The head of the $200 billion Future Fund declared the easy gains fuelled by the era of cheap money is over, and the sovereign wealth giant is prepared to back stock pickers again.
• Future Fund’s seismic revamp to hit active funds The Future Fund, has revealed for the first time the reasons behind its decision to cut active stock pickers in favour of low cost algorithms and passive funds.

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