Australia’s Mega-Pensions to Add Billions in Private Assets (1)

Australia’s two largest pension funds plan to add billions of dollars worth of unlisted assets as warnings mount about the financial risks posed by the industry’s already huge private portfolios.

AustralianSuper, which oversees A$341 billion ($226 billion), plans to boost its private holdings to more than 30% of overall assets in the next three-to-five years, from around 23% currently, Head of Asset Allocation Alistair Barker said in an interview, adding that was a “fairly large program” for a fund of its size.

LISTEN: As Australia waits for a rate cut, the country’s A$4 trillion superannuation industry is a rare bright spot.

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