Gordon Hagart, who spent four years at the Future Fund, is set to join the Australian Council of Superannuation Investors. The Future Fund has already begun to seek his replacement.
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Despite reducing its exposure to hedge funds, the Australian state investor retains a substantial allocation to the asset class – but is especially keen on equities right now.
Australia’s sovereign wealth fund is building up its emerging markets allocation and capabilities. It also aims to have more direct involvement in its private equity investments.
