Future Fund will need new private markets chief

Gary Gabriel, head of private markets at Australia’s A$69 billion (US$67.7 billion) Future Fund, Melbourne, is leaving the sovereign wealth fund.

It could not be learned where Mr. Gabriel is going, but market observers speculated he may be interested in returning to a more “hands-on” investment role.

A Future Fund spokesman said no decision on a replacement for Mr. Gabriel had yet been made, or an end date for his current role confirmed.

Michael Bailey writes for I&T News , Sydney.