Hugh Dougherty bounces back

A few months after being restructured out of InTech, Hugh Dougherty has fallen on his feet in a senior role at another consultant.

Dougherty has joined Watson Wyatt as a senior consultant in its Sydney office, joining the ‘leadership team’ where in concert with head of investment consulting Graeme Miller, he will drive innovation and client management/development. Dougherty was displaced as Intech’s chief investment officer in October, when co-founder Ron Liling sought a return to the investment frontlines of the Skandia-owned business. In other changes to the Sydney office, Ben Griffiths has been transferred to the London office while Yan Sun has been hired as a consultant.

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Canada establishes new SWF amidst global push for nation-building investment

Canada has established its first national-level sovereign wealth fund with a seed of C$25 billion to underwrite “nation-building” projects like ports, mines and energy infrastructure. In an unusual funding mechanism, the fund will issue a retail product that will allow individual investors to invest with the SWF and “participate in Canada’s growth”.

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