QSuper’s QIC liaison leaves, takes 2IC with him

The head of investment services for the $25 billion QSuper has left for academia after less than a year at the fund, and taken his 2IC with him.

Michael Drew, who provided technical and strategic advice for QSuper on the investment program implemented by QIC, only joined the public sector fund late last year but has now departed for Brisbane’s Griffith University where he will be an Associate Professor of Finance.

Drew’s assistant, Adam Walk, has left as well. It is understood Walk will work in Drew’s office at the University while undertaking PhD studies.

The immediate replacement for Drew is Philip Greenheld, but it is not known whether this is permanent. 

QSuper chief executive, Rosemary Vilgan, was unavailable for comment.

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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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