New South Wales

Investment Strategy

State Super to gain admin savings of $65bn fund

State Super is to gain the economies of scale of sharing a common administration platform, due diligence, manager appointments and reporting with TCorp and the Safety, Return to Work and Support Division. The NSW treasurer and the minister for finance and services have announced the merger of activities to gain greater cost efficiencies for each […]
Investment Strategy

Budget to unleash infrastructure sell-off

The Federal budget in May is to prioritise measures that will help states sell off brownfield infrastructure assets, the assistant treasurer Arthur Sinodinos has promised. Speaking at a Value Alliance gathering in Sydney, Sinodinos said state governments would be offered incentives to use money gained from asset sales for building new assets – spending that […]
Hedge Funds

Ridout: not enough infrastructure projects

It’s a shortage of projects, not capital, that’s impairing Australian infrastructure, according to AustralianSuper chair Heather Ridout. Speaking at the Australian Centre for Financial Studies’ Funding Australia’s Future Forum, she said industry superannuation funds are best placed to invest in Australia’s infrastructure. “Industry funds are ideal vehicles because we have a relatively more passive investor […]