Government Employees Superannuation Board, Perth, Australia, the A$10.4 billion (US$8.7 billion) Western Australia-based public-sector fund, added two people to its investment team.
Kate Budiselik has responsibility for formulating and managing the fund’s real estate and infrastructure asset class strategies and multimanager lineups. Edwin Schultz has responsibility for asset allocation and currency. He joins from Coronation Fund Managers in South Africa, where he spent the past 10 years as a portfolio manager and joint head of the Absolute Return Unit.
Sharon Hicks, chief investment officer at GESB, said the new hires bring the seven-strong team to “about the right size” for the fund in the foreseeable future.
Michael Bailey is editor of Investment magazine in Sydney.