Aware Super

What matters more than big returns is making sure the right people are getting them. For members in Aware’s lifecycle default, the numbers are “phenomenal”.

In the accumulation phase the super fund CIO and investment team is at the wheel. But as more and more members start retiring they’ll have to share the driving.

Tailwinds from the United States Inflation Reduction Act underpin the $170 billion super fund’s latest co-investment in Galway Sustainable Capital, and the move will also take the fund’s private equity portfolio into financial services and further offshore.

The $170 billion super fund wants to be a lot bigger, and its teams are trying to get ahead of infrastructural demands from within the fund to win back basis points that can be returned to members.

The $160 billion industry fund has found a new head for its $90 billion public equities portfolio in an alumnus of passive investing giants like Vanguard and BlackRock. It’s also pulled the trigger on promotions in the public equities team.

The $160 billion fund says that its essential worker housing program stacks up as an investment for both its members and the country’s future. But current policy settings mean few funds can follow its example.

Uncertainty, dispersion and volatility are “magical words” for hedge funds, and the $160 billion Aware Super has reframed its thinking around the liquid alternatives space in a more complex macro environment.

The creation of a new investment data platform underpins Aware’s march to managing half of its projected $250 billion FUM internally. State Street is providing the glue that holds it all together.

With Cbus eyeing the $100 billion mark, it’s figuring out what it can do well and what should be left to everybody else. And while other funds can’t wait to head overseas, it’s decided to stay home.

One of Australia’s largest super funds is now also one of its largest owners of retirement living assets following the acquisition of 100 per cent of Oak Tree in a demographic play.