Biggest Australian Pension Plans Investment Hiring Spree

AustralianSuper Pty, the country’s largest pension fund, will expand its investment team by as much as 40 percent over the next 12 months including hiring as many as 10 global equities managers.

The fund, which holds more than A$78 billion ($69 billion) in retirement savings, will also add a team focused on smaller Australian companies along with infrastructure and property managers, Mark Delaney, deputy chief executive officer and chief investment officer, said in an interview in Sydney yesterday. The number of staff in the investment team will increase to more than 130 from 100, he said.