The role of chief executive at GMO Australia will be split between two current executives, following the departure of executive director Paul Chadwick.
A Boston-based spokesperson for GMO said last week that Jason Haliwell, who is in charge of the Australian asset allocation strategy, would take on Chadwick’s investment responsibilities, while Glenn Howard, a marketing and client service person, would take on the client-facing responsibilities. As reported last week, Chadwick left following the purchase of his shares in the Australian subsidiary by the parent. He had been with GMO since shortly after its inception in Australia in the early 1990s. Chadwick said he would be considering whether or not to rejoin the industry after a period of “gardening leave”.
29/04/2008
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Alternatives
The chief investment officer of the $150 billion industry super fund says that Hostplus’ portfolio will weather the ongoing downturn in software companies and that moves by a number of large private credit managers to gate their funds are a result of the asset class being offered to retail investors who should not have assumed the funds would be liquid enough to get money out when everybody else is trying to do the same.
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