Hostplus could have more than $100 billion in assets under management by the end of next year, as the industry fund sets its sights on hoovering up smaller funds under pressure to exit the $3.4 trillion super sector.
Speaking to The Australian Financial Review, Hostplus chief executive David Elia said he expected the fund to have more than $100 billion in assets under management by the end of next year “assuming investment markets are still very kind to us”.
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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
