Elspeth Lumsden, head of equities for the Future Fund, will be leaving the A$104 billion (US$86 billion) Melbourne-based fund to return to “full-time study,” said Will Hetherton, a Future Fund spokesman.
Mr. Hetherton didn’t immediately respond to an e-mailed question regarding the exact timing of the departure of Ms. Lumsden, who oversaw the fund’s investments in liquid equities, which came to A$45.1 billion, or roughly 43% of the Future Fund portfolio as of Sept. 30.
However, a news release said Sarah Carne, a director on the fund’s equities team, would oversee the team “on an acting basis,” starting in 2015.
A search process for the head of equities role will begin “in due course,” the news release said.
Ms. Lumsden joined the Future Fund in 2007.