Australian sovereign wealth fund appoints new head

australia-golden-egg-nest

Australia's sovereign wealth fund, the Future Fund, has appointed David Neal as the new managing director, promoting him from the post of chief investment officer that he has held for seven years.

Neal will take up his new role as head of the Future Fund Management Agency – which manages the assets of the Future Fund, the Building Australia Fund, the Education Investment Fund and the Health and Hospitals Fund – on 4 August, 2014. Until then, chief financial officer Paul Mann will continue as act

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