AustralianSuper is targeting telecommunications assets after ploughing $8 billion into infrastructure and property here and overseas over the past six months.
It comes as industry super funds overtake self-managed funds as the biggest segment of the $3.3 trillion retirement savings system, and as AustralianSuper seeks to more than double its assets under management to $500 billion in the next five years.
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Michael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at michael.read@afr.com
