AustralianSuper is in the process of reviewing consultants with the intention of hiring specialist advisers in overseas property and overseas private equity.
Mark Delaney, chief investment officer of the $25 billion fund, said the fund uses specialist consultants from time to time, and would look to appoint a specialist adviser in these asset classes in the next few months. AustralianSuper recently hired JANA Investment Advisers for another specialist consulting role to investigate the investment opportunities in Asia. “India and China have become a large part of the world economy and we wanted to investigate whether that signified an opportunity to invest,” he said.
26 June 2007 00:00
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Investments
The $80 billion Mercer Super has delivered a fourth consecutive year of double-digit returns to most members of its SmartPath lifecycle product. Global equities did a lot of heavy lifting, but chief investment officer Graeme Miller tells Investment Magazine that the fund is now looking further afield for returns.
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