The $13 billion Mine Super is headed for a merger with TWUSUPER that will diversify both funds’ member bases into new sectors, plug gaps in their portfolios and prepare it for a world where bigger is (allegedly) better.
To deliver for its highly engaged member base, UniSuper must walk a fine line between investing responsibly for their future and meeting their demands around climate change in the here and now.
Warakirri gets the nod from Zenith for retail entry
Warakirri Asset Management has entered the retail market with a new agriculture investment fund which has already been given an “approved” rating by Zenith Investment Partners. The fund has been launched with several family offices and high-net-worth advisory firms.
Warakirri, which was launched by John Nolan, founder of JANA Advisors, in 2003, has been investing in agriculture on behalf of large institutional clients for about 22 years. It was one of the first Australian managers to develop a capability for investment grade agribusiness analysis.
Called the “Warakirri Diversified Agriculture Fund”, the new vehicle allows private investors to tap into a mix of agribusiness opportunities.
Jim McKay, Warakirri’s managing director, said the fund would buy and develop a diversified portfolio of investment grade Australian agricultural assets with a view to leasing them to tenants – “a core agriculture property investment strategy”.
Adrian Goonan, the chief executive of Warakirri Cropping and Diversified Agricultural Funds Management, will oversee the operation of the new fund.
The fund is near the final phase of its first-round capital raising, targeting $100 million. It has developed a pipeline of foundation partners and potential assets.
– G.B.
