Steve McKenna is joining GESB as head of credit and alternatives.
He will join the superannuation fund, based in Perth, Australia, in early July. Sharon Hicks, GESB’s CIO, said Mr. McKenna will play pivotal roles in determining the fund’s first allocations to hedge funds and restructuring its asset allocation policies. Western Australia’s Government Employees Superannuation Board had A$8.9 billion (US$7.2 billion) as of June 30, 2007, the most recent data available.
Mr. McKenna formerly was head of absolute-return funds at Everest Financial Group. Information on whether he will be replaced could not be learned by press time.
Simon Mumme is a reporter with Investment & Technology in Sydney.