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Australian Pension Seeks to Double Its Assets to $108 Billion by 2025

Australia’s Construction & Building Unions Superannuation Fund expects to double assets to A$150 billion ($108 billion) in three years by snapping up rivals as regulator scrutiny forces smaller firms to exit. 

The Melbourne-based fund is talking to like-minded firms which will help it hit the target “in a couple years,” the A$68 billion fund’s Chairman Wayne Swan said in an interview Wednesday.