VicSuper reduces private equity allocations
Australian superannuation fund VicSuper has announced a reduction in its allocation to private equity as the result of changes in its strategic asset allocation.
According to the original announcement from the A$7.7 billion ($7.45 billion) superannuation fund, which covers employees within the state of Victoria, "private equity is now allocated as 5% of the total equities allocation, not as 5% of each option with an allocation to private equity. This change has reduced our overall private equity allocation." Public and private equities have also been geographically re-allocated, 35% to Australia and 65% to international assets.
The same announcement also noted that VicSuper's Capital Secure Option, one of its products, now includes a small private equity allocation.
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