Vicsuper is looking for a new executive manager of investments, following the recent resignation of Alan Lazarus.
A spokesperson for the $4.2 billion fund said Lazarus, who was promoted from an investment strategy role in March 2005 to replace John Fazio, had resigned in order to help his wife with business interests. The spokesperson said a process was in train to replace Lazarus.
Hostplus chief investment officer Sam Sicilia has declared that for as long as he and chief executive David Elia are overseeing the $110 billion fund, there will be no investment internalisation. However, he acknowledges that if the institutional asset manager business model comes too much under pressure, it poses risks and instability to Hostplus’ externalisation model.
Darcy SongSeptember 10, 2024
