Welcome to On Background, a new series from Investment Magazine where our experienced team of journalists take you behind the news and dig into the context behind the biggest stories shaping Australia’s asset owner landscape. 

On Wednesday, Future Fund CEO Raphael Arndt announced he would be stepping down from the role. Investment Magazine journalists examine what the change will mean for Australia’s sovereign wealth fund and what its leadership might look like amidst a wider changing of the guard. Meanwhile, ASIC is worried about the “first significant cracks” in Australian private credit and APRA has released the latest YFYS performance test results – with one notable failure. 

Hosted by Investment Magazine editor Lachlan Maddock, joined by Retirement Magazine editor Simon Hoyle and APAC correspondent Darcy Song. Join the conversation every Friday.