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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

$62bln AusSuper fund eyes mergers

Posted on 14 June 2013

AustralianSuper, the nation’s biggest industry fund, has tipped a spate of mergers through the $1.6 trillion retirement savings sector as funds seek to take on the wealth arms of the major banks. Ian Silk, the chief executive of the $62 billion AustralianSuper, has foreshadowed further deals by the fund, following mergers in recent years with the multibillion-dollar funds Westscheme and AGEST.
”It’s pretty clear that the regulators and public policy is pushing in the direction of a smaller number of large funds rather than a large number of smaller funds,” Mr Silk said………………………………………..Full Article: Source


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