Australia’s Future Fund CEO Stepping Down
Raphael Arndt is leaving the country’s sovereign wealth fund after close to two decades, including six years in which he led the organization.
Raphael Arndt is leaving the country’s sovereign wealth fund after close to two decades, including six years in which he led the organization.
Nancy Collins is joining as the fund’s new chief financial and chief risk officer.
A 9.1% return in fiscal 2024 added A$18.8 billion to the sovereign wealth fund’s portfolio.
The sovereign wealth fund promotes a long-tenured investment veteran who had been deputy CIO since 2021.
CEO Raphael Arndt will take over as CIO for the sovereign wealth fund until a successor is hired.
Sovereign wealth fund’s assets grew to A$162 billion, as it overcomes a ‘complex investment environment.’
Portfolio strategy head specializes in long-term strategy, governance.
Australia’s sovereign wealth fund CIO is betting hedge funds can help reduce risk.