Future Fund says it didn’t choose to buy its $100m Palantir stake

Australia’s Future Fund has downplayed the controversial tech giant’s role in choosing its $100 million stake in Palantir amid mounting pressure over its role in US immigration restrictions and the war in Gaza.

At a Senate estimates hearing last night, Will Hetherton, head of corporate affairs at the Future Fund, Australia’s sovereign wealth fund designed to manage and grow public funds, defended the investment to Greens Senator Barbara Pocock, who was pressed on whether Palantir’s human rights record was taken into account before investments were made.