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.
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.
The market is left to speculate on Paul Costello’s replacement as general manager of Australia's Future Fund as he announces his plan to leave at the end of this year.