VicSuper will tackle property in the next stage of its strategic investment review.
Chief investment officer Oscar Fabian said it would bring all the fund's real assets including timberland, property and infrastructure under the one banner to manage as a single group.
He said VicSuper was deciding if it should foray into listed property and rethinking approaches to local and global property as part of the review, which positions its investment strategy as core/satellite in partnership with its investment consultant Frontier.
The need had arisen as many of the fund's property trusts wound down, Fabian said.
VicSuper will look to review its infrastructure allocations next before setting its sights on private equity and conducting a cost-benefit analysis on the viability of launching sector-only funds, following the launch of its ASX option.
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.
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