Colonial First State Global Asset Management has lost its head of superannuation business development to a newly created position at Industry Funds Management.
Melbourne-based Eddy Schipper finished up at CFS GAM last Friday. On October 16, he will join IFM in the fund’s first appointment of a business development manager. Damian Moloney, chief executive officer at IFM, said that while the fund had always worked closely with its network of industy funds, IFM was now looking to widen its client base to include broader industry funds, as well as corporate and government funds. Schipper’s role, the title of which is yet to be determined, would involve working with the funds management team at IFM and liaising with various asset consultants, Moloney said.
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Investments
The Future Fund delivered a 14.8 per cent one-year return to June 30, 2026, attributing the return to a combination of exposure to commodities, geographic diversification, an increased focus on active management and low exposure to bonds. Newly minted chief investment officer Richard Brandweiner also highlighted strong performance in emerging markets.





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