Brakey leaves Pinnacle for Future Fund
Barry Brakey will join the $60 billion Future Fund, accepting a position as investment director, Private Markets.
He will leave real estate consultancy Pinnacle Property Group – which he founded 20 years ago with Graeme Parton, who remains.
The asset manager and valuer described the offer as a “once in a lifetime opportunity”.
Future Fund, which controls some $61.3b in funds, was formed in 2005 using part of the cash derived from Telstra’s full privatisation.
Its purpose is to accumulate enough financial assets by 2020 to offset the federal government’s unfunded superannuation liabilities.
The organisation is led by former Commonwealth Bank of Australia chief executive David Murray.
