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The investment chiefs of some of Australia’s biggest super funds say they are only expecting single-digit returns from the domestic share market over the next decade.
The $274 billion AustralianSuper has a “relatively small allocation in [its] portfolio” to property compared with rivals including Cbus, Rest Super and Australian Retirement Trust.
AustralianSuper has hired a chief liquidity officer after the collapse of Silicon Valley Bank and Credit Suisse as the $3.4 trillion sector grapples with the fallout of the global banking crisis.
The appointment sees the departure of Damian Lillicrap after 13 years.
Australian Retirement Trust appointed Andrew Fisher as head of investment strategy and will hire a head of investment resilience and planning.