The chief investment officer of $15 billion public sector fund VicSuper, Oscar Fabian, has announced his intention to retire later this year.
In a statement released yesterday, VicSuper said its chief investment officer, Oscar Fabian, will retire effective 31 August 2016.
Mr Fabian will retire after a 30-year career and six years leading the VicSuper investment team which saw him oversee a major restructure of the super fund's portfolio into a 'core and satellite' model.
"He has expanded the team of investment advisers VicSuper engages with which has led to the investment strategy being both innovative and sophisticated," said the statement.
"Mr Fabian also oversaw the establishment of an Investment Committee, which makes recommendations to the trustee on investment policy, strategy and investment activities, as well as the review and monitoring of VicSuper’s investments."
VicSuper has begun recruiting for a replacement CIO.
November has seen the largest rise in investor confidence since June, according to State Street Global Markets, with the leap led by a chang...