Tasplan has reached $10 billion in funds under management, after growing $1.5 billion over the last two years.
Tasplan board chair, Naomi Edwards, said the success was due to the fund’s agile approach to change and commit towards implementing best practice investment initiatives which ensured long-term sustainability and strong fund performance.
She noted that the achievement would serve to inspire even stronger future growth of the fund.
“Tasplan has always prided itself on being able to mix with the biggest players on the national stage in terms of returns for members,” Edwards said.
“While ticking over the $10 billion mark won’t change the way we do things, it does reflect our strong and continual growth and points to a bright future ahead for our members.
“Just last week Tasplan chief investment officer David Stuart was also recognised as one of the top 100 most influential public investors in the world, now the $10 billion milestone further confirms this local Tasmanian company is batting well above its average.”