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.
The sovereign wealth fund grew $11.5 billion in the March quarter, according to its latest portfolio update, having previously voiced caution about inflation’s downward trajectory.
The property group, owned by industry super fund Aware Super, has announced two new projects with a total construction value of $320 million that will add more than 700 homes to Melbourne’s rental market.
While institutional investors, including super funds, unanimously acknowledge the energy transition as a significant challenge, their perspectives on the extent of their involvement in addressing the substantial capital requirements vary widely.
Despite a period of increased volatility, several considerations suggest that the bull market will remain intact and the trend in shares will remain up, an economist has suggested.
Add new comment