Apr 20, 2026 – 5.00am
One morning in early September, something peculiar happened at the $335 billion Future Fund: Ben Samild didn’t show up for work, and his colleagues were worried. In the months preceding, they’d watched the celebrated chief investment officer, who helped deliver stellar annual returns of 8.5 per cent during his time in that job, steadily lose weight. Some of his colleagues considered the weight loss a sign of high stress, while others had observed tense moments between Samild and the fund’s chief executive, Raphael Arndt.
As no details were forthcoming about Samild’s absence, some of his colleagues feared that he’d fallen seriously ill. But none of that was true, and relief and sadness spread across the office when it was announced that the genial and well-liked Samild, who had been the Future Fund’s chief investment officer for two years, had resigned.
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