Yesterday
Aware Super’s $1b plan for serviced apartments in Europe
The fund has taken majority control of an “aparthotel” operator, continuing a push into global real estate.
This Month
Aware Super doubles down on rentals in $285m bid for tower
Build-to-rent assets continue a hot run as Aware partners with Barings to try and nab a $285 million tower with subsidy backing from the state government.
Investors see gold in Origin’s $15b tech play, sending shares soaring
Analysts had put a far lower valuation on Kraken, the cloud-based utilities software, than suggested in British media reports at the weekend.
Two retail super funds outperformed many larger industry rivals
Booming equity markets have boosted two of the biggest retail superannuation funds to return rates nearing 13 per cent over the past financial year.
Why this $140b industry super fund likes shopping malls so much
By 2030, a growing population will need much more retail space to cater for its shopping needs. Even allowing for online buying, we are running out of malls.
June
Australia’s ‘buy everything’ super funds show us their KKR side
The big industry funds’ new approach promises a whole new chapter for transactions.
A retirement village inside a uni? This operator is planning one
As Australia ages, there’s plenty of institutional money looking to play the long game in aged living. Aware Super-backed operator Keyton has big plans.
‘I was the only non-billionaire in the room’
Aware Super’s Deanne Stewart, a leading voice for a sector using its increasing political, social and investment clout, on why she wants to be a force for good, and what it was like meeting King Charles.
May
Labor shouldn’t crash through on super taxes like the Voice
The government’s failure to heed advice from many parts of the community that the super tax policy is flawed ominously echoes the defeat of the referendum.
‘Too complex already’: Pushback grows against Labor’s $3m super tax
Deanne Stewart, CEO of the country’s third-largest super fund, says she would like the $3 million threshold for the new tax to be indexed and urged the government to stop making the system more complex.
US giant KKR named preferred bidder at Aware’s $1b-plus chicken grower ProTen
Street Talk understands the private capital juggernaut, led by Andrew Jennings, ruled the roost with a bid around $1.3 billion.
April
Big super is questioning its exposure to Wall Street
Regulatory filings show the country’s biggest retirement funds made billion dollar bets on American technology giants ahead of Donald Trump’s inauguration.
Big investors wield private assets to cushion returns from wild market
The nation’s largest money managers, including the big superannuation funds, are using unlisted holdings to manage the fallout of volatile global equities.
Super funds urge members not to panic after rout takes losses to $170b
The country’s largest retirement investors say they are leaning in to the meltdown, which they see as a short-term problem that presents buying opportunities.
Cybercriminals impersonated super executives in week of mass breach
The attacks occurred in the same week hackers compromised the largest funds and siphoned retirement savings out of member accounts.
Aware Super ropes in ex Future Fund CIO, Mac bigwig
Both have been appointed for an initial period of two years, and will oversee the management of the investment portfolio as well as advise Aware Super’s board
March
Canadian suitor clucks at Aware’s $1b-plus chicken producer, ProTen
ProTen is being courted by Canada’s Northleaf, US private equity giant KKR and Sydney’s Roc Partners.
Superannuation bosses submit their US travel bills
They may not have been staying at luxury hotels, but fund bosses still racked up some tidy bills on Kevin Rudd’s US superannuation junket.
The country’s big super funds are reaching their ASX investing limit
AustralianSuper expects to hit an effective cap on how much it can invest in the local market and make good returns. Its peers are also looking overseas.
Why super fund investment calls are about more than next quarter’s returns
What’s at the heart of a super fund’s investment strategy? Capital allocation. And the better it allocates that capital, the better for all of us.