GESB, the $10.4 billion WA-based public sector fund, has added two people to its investment team.

Kate Budiselik has responsibility for formulating and managing the Fund’s real estate and infrastructure asset class strategies and multi-manager line-ups.  Budiselik joins GESB with real estate investment experience gained in the UK, Europe and Asia that includes senior roles at Citigroup and MGPA.

Edwin Schultz has responsibility for asset allocation and currency. Schultz joins from Coronation Fund Managers in South Africa, where he spent the past 10 years as a portfolio manager and joint head of the Absolute Return Unit.

Sharon Hicks, chief investment officer at GESB, said the introduction a discrete focus on asset allocation was important in the uncertain economic environment which lay ahead.
Hicks said the new hires complemented the appointment of Steve McKenna and Bill Dwyer to the team in the second half of 2009,  and that the seven-strong team was now at “about the right size” for the fund in the foreseeable future.