AGEST Super is in the process of boosting its infrastructure and private equity allocations and is currently reviewing managers in the infrastructure space.
Michael Seton, AGEST chief executive officer, said the fund was looking to increase its infrastructure allocation to 6 per cent off a base of almost zero. “A lot of due diligence is required in those areas,” he said. Although international opportunities were also being reviewed, Seton said the infrastructure allocation would be mostly domestic. The $1.8 billion fund currently has a 5 per cent allocation to hedge funds and is also looking to make a 2 per cent allocation to private equity, which will push its entire alternative asset allocation to 13 per cent of total funds. “They are the areas we are boosting up,” Seton said.
17 October 2006 00:00
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Investments
The Future Fund delivered a 14.8 per cent one-year return to June 30, 2026, attributing the return to a combination of exposure to commodities, geographic diversification, an increased focus on active management and low exposure to bonds. Newly minted chief investment officer Richard Brandweiner also highlighted strong performance in emerging markets.
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