Opinion

This $300b super fund is making a monster move to stocks

Australian Retirement Trust has decided that a big chunk of its members will do a lot better with their pension nest egg invested in riskier assets.

Jonathan ShapiroSenior reporter

Aug 11, 2024 – 6.00pm

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In a national advertising campaign, the $300 billion super fund Australian Retirement Trust urged its members to awaken their “monster”.

But the nation’s second-largest super fund – and a global top 20 pension fund – has itself undertaken a monster move that touches more than 5 per cent of the population.

Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney.