4 May 2012 15:41

McTaggart will join former federal treasurer Peter Costello on the Queensland government’s new Commission of Audit that will look at reducing state government debt, which is forecast to hit $62 billion by the end of the year.

“I am looking to the portfolio-manager approach,” he says. “I am not looking for another executive job but maybe boards and other consulting opportunities.”

McTaggart says he is in discussions with QIC regarding a consulting role during the leadership transition to new chief executive officer Damien Frawley.

Hazel McNeilage gets big QIC job, QIC, Michael Pennisi, Damien Frawley, Doug McTaggart, Charles Woodhouse, Damien Lillicrap, qsuper

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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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