Cbus grows in-house investment capability
Cbus super is expanding its in-house investment capability to address the future challenges of investing a growing pool of assets and capturing the advantages of scale for members.
The move will see an increase in its investment teams from 34 to 59 people over this financial year in both Sydney and Melbourne, Cbus said.
Cbus said its measures to assess future investment opportunities would be through extracting maximum value and returns while minimising outflows, especially through fees.
Cbus executive manager for investment strategy, Kristian Fok, said: "While retaining our current external managers, we're focussing on the significant direct investment opportunities for Cbus in green field infrastructure and small to medium-size brown field assets".
"Leveraging our unique value proposition gives us the ability to capture value at many points in green field developments through origination, execution, and management of infrastructure investments," Fok said.
"Internal Australian and international equities management also offers the opportunity to build capabilities to manage specific strategies that complement our existing managers."
The fund is expected to growth from $34 billion to over $50 billion in the next three to five years.
Recommended for you
Dan Farmer, chief investment officer of MLC Asset Management, has detailed how its super fund allocations have evolved and whether the fund will consider investing in bitcoin.
Australia’s superannuation capital has been positioned to play a larger role in south-east Asia’s economic development under a new government-backed deal.
Superannuation funds have become the dominant force behind Australia’s private markets boom, fuelling unprecedented growth and reshaping manager operations.
Reserve Bank governor Michele Bullock has said the central bank sees private demand picking up over the next year, taking over from public demand.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
225.31 3 y p.a(%)
2
Loftus Peak Global Disruption Fund Hedged
120.73 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
72.47 3 y p.a(%)
4
Paradice Australian Mid Cap A
69.09 3 y p.a(%)
5
Global X Ultra Long Nasdaq 100 Complex ETF
61.94 3 y p.a(%)
