Mr Neal joined the Future Fund in 2007, a year after the sovereign wealth fund was set up by then treasurer Peter Costello to manage $56 billion in public funds. Executive director of research house SuperRatings, Kirby Rappell, said the move signalled IFM's plans to grow in the new decade. Brett Himbury is the exiting CEO of IFM Investors. "It will be challenging but IFM is in a great place, a big degree to the effort of Brett Himbury who has done a terrific job," Mr Weaven said. Three members of the fund's private equity team also left the fund in December 2018 to start their own firm. "We have an ambitious agenda going forward – to maintain strong investment performance across our asset classes and products, continue to grow and evolve as an organisation and to be leaders in responsible investment. In December, head of equities Björn Kvarnskog departed for the Abu Dhabi Investment Authority. Sarah Jones worked for Bloomberg News in London for more than 12 years covering equity markets and global asset management. The Australian global fund manager’s chair, Greg Combet, said Neal was equipped to steer the firm through its next chapter of global growth. David Rowley speaks to CIO David Neal. Mr Price was previously a partner at law firm Allens Linklaters. IFM Investors has appointed David Neal of Australia’s Future Fund to succeed retiring CEO Brett Himbury. Announcing the appointment, IFM Chair Greg Combet said Mr Neal was well equipped to steer … The agency problems that pervade delegated investment management are exacerbated when investing for the long term, where the payoff is distant and often highly uncertain. The Future Fund's chief investment officer (CIO), David Neal has been promoted to managing director, effective August. It was only when he heard of a $7 million figure that Hill, who was in a police car after being arrested, realised the scale of the conspiracy he’d been plunged into. Find your friends on Facebook. Neal: leaving to head IFM after 13 years as chief executive at Future Fund. James Keivom. That's the daily task for Australia's sovereign wealth fund, the Future Fund, which began life in 2007 with $60 billion and is now worth $109 billion. Under his leadership, Future Fund has returned 9.9% per annum over the last five years and reported a strong 11.5% return in fiscal 2019, according to the fund’s 2019 annual report. It's had one client which is the government so there's no need for any effort to attract funds, it's just had to take the money the government gave it.". These … Prior to moving to the UK, she worked for Australian Associated Press in Sydney covering economics and monetary policy. David Neal to lead IFM Investors. WATSON Wyatt will be recommending diversified investment exposure for the Future Fund, says David Neal, the firm's head of investment consulting in Australia. Australian global funds manager IFM Investors’ new Chief Executive will be David Neal, currently the Chief Executive Officer of the Future Fund. The $91 billion Australian Future Fund’s approach to investing is to get even more sophisticated as it borrows ideas and techniques from other investors, including the risk management and portfolio construction techniques of multi-strategy hedge funds. Future Fund. The government agency is responsible for the operational activities of the investments of Future Fund, Australia’s sovereign wealth fund. Future Fund chief executive David Neal is leaving the $168 billion sovereign wealth fund for industry fund-owned IFM Investors. Sign Up. David is IFM Investors’ Chief Executive, responsible for executing the firm’s strategy and delivering strong results for IFM Investors’ clients, shareholders and staff. Australia’s Future Fund Management Agency Chief Executive Officer David Neal is leaving at the end of the month to head Melbourne-based asset manager IFM Investors. Join CEDA to hear from Managing Director,David Neal, as he shares his perspectives on the performance of the Future Fund, as well as domestic and international investment markets. The Australian global fund manager’s chair, Greg Combet, said Neal was equipped to steer the firm through its next chapter of global growth. He took up his position as Chief Executive Officer on 4 August 2014 having previously served as Chief Investment Officer. See all articles by David Neal David Neal. The Australian global fund manager’s chair, Greg Combet, said Neal was equipped to steer the firm through its next chapter of global growth. The former chief investment officer at the fund will take up his new role on August 4, 2014, a statement said.