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Brisbane, Queensland
The combined entity would have more than A$180bn of AUM and be larger than the country’s current largest fund, AustralianSuper.
The two funds are the first to merge using an extended public offer licence, allowing the combined entity to maintain two separate brands and leaving open the possibility of other superfunds joining in future.
Brisbane, Queensland
The A$13bn Australian superannuation fund has tapped Troy Rieck, who was previously chief investment officer at the A$15bn Melbourne-based superfund Equip Super, to take over as CIO.
Sydney skyline
Unlisted assets, including infrastructure, continued to deliver solid returns for Australian superfunds but returns were down on 2017-18 as listed assets bounced back.
The two industry superfunds, which both have significant infrastructure commitments, hope to increase returns and lower fees for members.
Future Energy Artists teams up with superannuation fund to make ‘hardcore solar infrastructure investments’.
The funds will maintain their individual brand identities but pool administration and investment resources under the deal.
The fund will invest $70m immediately in the company’s existing portfolio of six metropolitan data centres, with a further $45m available for future co-investments.
A merger would create country’s second-biggest superfund, behind only AustralianSuper and ahead of QSuper.
CIO Sam Sicilia says the superannuation fund will consider non-core and infra-like assets, but only on a case-by-case basis.
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