CalPERS Hedge Fund Head To Aussie SWF

The California Public Employees' Retirement System's hedge fund chief is heading Down Under.

Craig Dandurand is set to join Australia's sovereign-wealth fund, the Future Fund, and will move to Melbourne early next year. He will continue to work on alternatives at the Australian fund, which at A$92 billion (US$81 billion) has about one-third CalPERS' assets.

"We're excited to have Craig join the team and think his experience will be an asset to our efforts," Future Fund spokesman Will Hetheron told aiCIO.

Dandurand has been with CalPERS since 2000, and was named a portfolio manager in 2007.