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Future Fund Names New CIO Amid Staff Shake-Up
23 Apr
Summary
- Future Fund appoints Richard Brandweiner as chief investment officer.
- Alex Cooper's 'Call Her Daddy' empire faces internal discord.
- Creator economy businesses grapple with employee turnover issues.
Australia's Future Fund, a sovereign wealth fund managing A$335 billion, has appointed Richard Brandweiner as its new chief investment officer. Brandweiner, formerly CEO of Pendal Group, will assume the role on July 1, filling a position vacant since September. This appointment comes amid broader changes in Australia's financial sector.
Separately, Alex Cooper's podcast empire, Trending, is facing significant internal turmoil. Issues include high employee turnover, struggling new shows, and discord between staff and management, particularly concerning co-CEO Matt Kaplan. These challenges mirror wider trends in the creator economy as influencers build larger companies.
Reports detail instances of alleged harsh management by Kaplan, leading to staff threats to quit. The company has also seen high-level executive departures and the cancellation of several new podcast programs. Despite these internal struggles, "Call Her Daddy" remains highly popular, and Trending continues to launch new media projects.
