Cbus super is expanding its in-house investment capability to address the future challenges of investing a growing pool of assets and capturing the advantages of scale for members.
The move will see an increase in its investment teams from 34 to 59 people over this financial year in both Sydney and Melbourne, Cbus said.
Cbus said its measures to assess future investment opportunities would be through extracting maximum value and returns while minimising outflows, especially through fees.
Cbus executive manager for investment strategy, Kristian Fok, said: "While retaining our current external managers, we're focussing on the significant direct investment opportunities for Cbus in green field infrastructure and small to medium-size brown field assets".
"Leveraging our unique value proposition gives us the ability to capture value at many points in green field developments through origination, execution, and management of infrastructure investments," Fok said.
"Internal Australian and international equities management also offers the opportunity to build capabilities to manage specific strategies that complement our existing managers."
The fund is expected to growth from $34 billion to over $50 billion in the next three to five years.
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