Tony Day, chief strategist with Queensland Investment Corporation (QIC), will join the Future Fund as head of strategy towards the end of October.
Fundamental responsibilities bound to the role include portfolio construction, analysis of the key characteristics of assets and of long-term market conditions, and structuring beta sources, I&T News understands. Day’s appointment also enables him to play a pivotal role in staffing and shaping the direction and operations of the Future Fund’s investment strategy team from its incipient stage. The fund is expected to hire six further strategists, and began advertising these roles in the last week. Commenting on Day’s appointment, David Neal, chief investment officer with the Future Fund, said the $60 billion manager was focused on attracting “diverse skills to help generate innovation” across its portfolio. The appointment brings Day’s 12 year tenure at QIC to a close.
The role of IFM Investors in arranging a visit by a delegation of Australian super funds to the US last month gives a pointer to the scale of the longer-term ambitions of the global super-fund-owned asset manager, and a recent investment in the manager by the UK pension fund NEST is designed to give it even greater clout. IFM chair Cath Bowtell tells Investment Magazine the manager aims to be a partner to governments around the world as they seek capital to build critical infrastructure.
Glenda KorporaalMarch 21, 2025
