POWERED BY MOMENTUM MEDIA
AustralianSuper to spend big in Europe
AustralianSuper is targeting Europe through investments in real estate, infrastructure, and direct private credit, and will add £15.4 ($24.3 billion) billion in assets to its Europe portfolio and £8 billion to the UK over the next four years.
This would bring total global investment for the nation’s largest superannuation fund, which managed more than $260 billion on behalf of its 2.6 million members, to £300 billion by June 2026.
Speaking to Super Review, AustralianSuper head of investments international, Damian Moloney, said expanding in the UK and Europe would enable the fund to access a greater volume and range of investment opportunities.
“The fund has had a very positive experience in the UK, investing in assets like Heathrow, Peel Ports and the King's Cross Estate redevelopment,” Moloney said.
“In both the UK and Europe there are a wide range of like-minded partners that we can work with, so it makes perfect sense to look at opportunities here. There is also a strong pipeline of opportunities for high quality assets across the UK and Europe including in the growing digital infrastructure space.
“There are also the benefits of a stable and reliable legal and regulatory environment and a deep talent pool.”
Moloney said there were opportunities in real estate, infrastructure, and direct private credit and that the fund was currently looking at a variety of purchases in high-quality mixed-use real estate investments that were, or could be, carbon neutral.
He said the fund would continue to invest in a diversified portfolio of assets globally that helped members achieve their best financial position in retirement.
“This includes sourcing new opportunities in the North American market as we build our capability there from our New York base,” he said.
“By 2024 the fund will have just over 100 people in London and just under 100 in New York."
Recommended for you
Michael Lovett, who left the investment firm just three months after launching its Vanguard Super offering, has taken up a chief executive role at an Australian asset manager.
The Central Bank of Ireland has granted the approval of Equity Trustees’ exit from its Irish operations, with the transaction expected to be complete on 30 April.
Super returns continued to climb in March, raising hopes of delivering double-digit returns by June depending on the performance of this next quarter.
The dedicated super fund for emergency services and Victorian government employees is under fire for unpaid entitlements to transport employees, which could exceed $40 million.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
73.88 3 y p.a(%)
2
Hills International
63.66 3 y p.a(%)
3
Acadian Global Equity Long Short Class A
36.33 3 y p.a(%)
4
CFS FC Acadian Global Equity Long Short
35.96 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.23 3 y p.a(%)
Add new comment