Mr Phelps will remain in the position until Investa has found a suitable replacement.
IOF chair Deborah Page said Mr Phelps managed the fund during a period of significant transformation, including the disposal of $400 million in offshore assets and the acquisition of over $1.1 billion of high quality Australian assets.
“Tony leaves IOF in a very strong position and we thank him for his service and expertise during this important part of the fund’s history,” said Ms Page.
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Mr Phelps said the decision to leave Investa had been difficult.
“I am very confident in the future of IOF and the capability of the Investa platform and management team, and I look forward to watching IOF’s continued success,” he said.
