Queensland Investment Corporation (QIC) is looking for a head of alpha investments as part of an ongoing review of its investment structure.

James Christensen, general manager alternative investment strategies, would not be drawn on whether the position signalled the fund’s intention to divide its investment teams between alpha and beta. He said the position would initially report to him but would eventually have overall responsibilities for the portfolio. The $50 billion fund said earlier this year that it was looking at a seperation of investment into alpha and beta teams. “Were starting the process..Until we get all the ducks lined up we don’t want to go public with it,” Christensen said. The group has hired executive recruitment firm Steward, Reid & Co and hopes to have someone in place “;as soon as possible”;.