Australian Retirement Trust Boosts A$370 Billion Fund's Private Markets Bet as Inflation Cools
Updated
Updated · Bloomberg · Jun 24
Australian Retirement Trust Boosts A$370 Billion Fund's Private Markets Bet as Inflation Cools
1 articles · Updated · Bloomberg · Jun 24
Summary
Australian Retirement Trust is raising exposure to long-duration assets, with private markets now a key focus for the nation’s second-largest pension fund.
Cooling inflation in both the US and Australia is driving the shift, as the fund positions for assets it expects to perform better in a lower-inflation environment.
Andrew Fisher, ART’s head of investment strategy, called private markets among the “easiest and most obvious” opportunities.
Private equity, infrastructure and real estate are the main targets for the A$370 billion ($256 billion) fund’s allocation shift.