Australian superfund consolidation to alter private markets strategies
Australia’s pension market is ripe for consolidation, which will see the emergence of a handful of mega superannuation funds that leverage their scale to bring more investment activity in-house, according to leading industry participants.
“We believe there will be a dozen really large super funds and then some niche funds for certain segments,” Deanne Stewart, CEO of First State Super, told the Australian Investment Council’s (AIC)...
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