VFMC was established under the Victorian Funds Management Corporation Act 1994. We are a public authority and body corporate governed by an independent Board of Directors whose members are appointed by the Governor in Council. The Treasurer appoints the Chairman and Deputy Chairman. VFMC reports to the Treasurer of Victoria through the Department of Treasury and Finance.
Our role is to provide investment and funds management services to Victorian public authorities in a commercially effective, efficient and competitive manner.
Our vision is to produce superior investment outcomes for our clients and the State of Victoria.
Our mission is to
- Meet or exceed individual client investment objectives based on their liability profiles,
- Maximize long term returns on State assets with a risk profile in line with stakeholder stated risk tolerances, and
- Maximize the advantages of scale and the long term nature of the state’s balance sheets