VicSuper will tackle property in the next stage of its strategic investment review.
Chief investment officer Oscar Fabian said it would bring all the fund's real assets including timberland, property and infrastructure under the one banner to manage as a single group.
He said VicSuper was deciding if it should foray into listed property and rethinking approaches to local and global property as part of the review, which positions its investment strategy as core/satellite in partnership with its investment consultant Frontier.
The need had arisen as many of the fund's property trusts wound down, Fabian said.
VicSuper will look to review its infrastructure allocations next before setting its sights on private equity and conducting a cost-benefit analysis on the viability of launching sector-only funds, following the launch of its ASX option.
The $9 billion fund is backing agriculture investor GO.FARM, with its capital already directed towards enhancing two key assets.
Brighter Super is considerably scaling down the investment options it offers members in order to reduce costs.
Amid a challenging market environment, three super fund CIOs have warned against ‘jumping at shadows’.
The professional body is calling for the annual performance test to transition to a two-metric test, so it better aligns with the overarching duty of super fund trustees to act in the best financial interests of their members.
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