Melbourne-based AustralianSuper, which manages the equivalent of £57 billion, is one of the gigantic pooled funds that has helped build Australia’s reputation as one of the best-designed pension systems globally.
It employs two investment professionals in London, with expertise in real estate and infrastructure, and is led by Trish Curry, senior country manager.
An AustralianSuper spokesman said the office has been operating for “only a few months”. He did not say whether further hires are planned, but confirmed: “London is the only location in Europe that AustralianSuper staff are based.”
Any investment from AustralianSuper in the UK would be welcome. A string of property and infrastructure projects are taking shape in the UK and require overseas funding.
AustralianSuper looks after the pensions of one in 10 Australian citizens. It raised its stake in the King’s Cross commercial, residential and leisure project from 25% to 67.5% in January 2016 after buying a stake in the project from the UK Government for £370 million.
In a January 24 statement, AustralianSuper head of property Jack McGougan said: “This expansion into global property is in line with the fund’s strategy to diversify its portfolio.”