The Future Fund has announced a new structure for its investment team to better navigate the evolving investment landscape.
The new structure, organised into five pillars, aims to enhance the fund’s ability to address the evolving investment landscape, while reinforcing its unique culture and “joined-up whole portfolio approach to investing”.
The five pillars include portfolio design, real assets, investment capability and intelligence, portfolio risk, and responsible investment and listed equities, the Future Fund confirmed in a statement on Thursday.
The new structure will be overseen by a six-person investment leadership team including five new managing directors reporting to Future Fund CIO Ben Samild.
Deputy CIO Hugh Murray will be tasked with leading the new portfolio design pillar that includes the alternatives, dynamic asset allocation, economics and capital markets, portfolio integration, and overlays and Treasury teams.
Meanwhile, Sam Killmier will be managing director for investment capability and intelligence, which includes investment team capability, technology and data, and research and insights.
Tammi Fisher and David Bluff will serve as joint managing directors for real assets, with Fisher leading the infrastructure and property teams, and Bluff overseeing private equity and credit.
Genevieve Murray, who leads the fund’s Sydney office and is part of the senior leadership team, will take on the role of managing director, responsible investment and listed equities, while Carol Lee will continue to lead the portfolio risk function as managing director.
The fund confirmed that each managing director will decide on the design of their individual team.
According to CIO Samild, the new structure is an evolution rather than a revolution in how the investment team was organised.
“These new managing director positions are designed as broad strategic roles, with a focus on leadership, team building and skill development,” he said.
“The structure will support our joined-up whole portfolio process and provide more opportunities for cross-team collaboration.
“The world is changing, and investors need to adapt their resources to meet the challenges and opportunities that creates.”
The Future Fund grew $18.8 billion in the last financial year to $224.9 billion, delivering a 9.1 per cent annual return as of June 2024.
It ranks in 25th place among the world’s largest pension funds, according to the latest Global 300 Pension Funds Report, coming in as the second-largest Australian fund, behind AustralianSuper.
