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Future Fund deputy CIO jumps ship to US asset manager

By Jessica Penny
3 minute read

The deputy CIO of Australia’s sovereign wealth fund has announced a new role, joining a US$165 billion asset manager.

Alicia Gregory has departed from the Future Fund after almost three years as deputy chief investment officer (CIO) to join US alternative asset manager Blue Owl Capital as a managing director.

As deputy CIO at Australia’s sovereign wealth fund, she oversaw all asset classes, both listed and private assets, and served on its investment committee.

Gregory spent a total of five years at the $250 billion fund, first joining as head of private equity in 2019.

Ben Samild, Future Fund CIO, wished Gregory all the best in her new role.

“She has made a tremendous contribution over the last five years, growing the private equity team, leading our asset class teams as deputy chief investment officer, and building the Sydney office,” Samild said.

“I am thrilled that Gen Murray, our head of listed equities, will join the organisation’s senior leadership team and lead the continued development and growth of our Sydney office.”

Blue Owl Capital, an alternatives asset manager, is NYSE listed and has more than $165 billion in assets under management as of 31 December 2023.

Commenting on her appointment, Gregory said she was excited to join the firm and build its institutional partnerships in Australia and the broader Asia-Pacific market.

“I’ve had the privilege of watching Blue Owl’s substantial growth over the past few years with the firm solidifying their reputation as a leading provider of investment management services to some of the largest asset owners around the world,” she stated.

She brings more than 25 years of investing experience across the Australian asset management industry to the firm. Aside from her stint with the Future Fund, she was a senior member of the MLC Super Fund, and was responsible for over 40 co-investment transactions and a $5 billion fund portfolio.

Moreover, Gregory currently serves as the director of the Australian Investment Council and Tilt Renewables and was previously a director of Orchard Street Investment Management, Redpoint, and an observer on Alpha Petroleum Holdco.

Blue Owl’s global head of institutional business, James Clarke, observed the Australian superannuation market is “at the cutting edge of sophistication”.

“Every asset owner has specific needs and preferences which require the highest calibre of professional talent.

“Alicia has a comprehensive set of investment skills and insights that not only demonstrate Blue Owl’s commitment to Australia, but most importantly, our vision for creating true partnerships with these marquee investors.”