Australia’s Biggest Pension Fund Eyes PE, Credit Amid Low Rates

AustralianSuper, the nation’s largest pension fund, is seeking private-equity opportunities and looking to lift credit holdings as it sees limited returns from government bonds.

The fund is holding more cash than it would traditionally, Mark Delaney, the chief investment officer of Melbourne-based AustralianSuper, told Bloomberg’s Inside Track series Tuesday. It is underweight government bonds and maintained its long-term weightings in equities during the market turbulence amid the coronavirus pandemic, Delaney said.