Australia’s largest superannuation fund, AustralianSuper, has announced Alex Stanić will join the fund in May as head of core equity within the international equities asset class.
The appointment in AustralianSuper’s London office sees the fund continue its international expansion.
Stanić joins AustralianSuper from Artemis Investment Management where he was head of global equities.
With 30 years’ equities investing experience, Stanić has previously held senior portfolio management roles at JPMorgan Asset Management, River & Mercantile Asset Management and Newton Investment Management.
More than half of AustralianSuper’s £180bn in total assets are invested in equities, with £60bn allocated to international equities – that is, non-Australian equities.
Around 30% of the international equity portfolio is internally managed. However, AustralianSuper intends to increase this to a significant majority by 2030, aiming to create greater cost efficiency at scale and generate stronger returns.
The fund’s internal investment teams take a ‘one portfolio’ approach to ‘leverage insights’ and optimise returns via ‘deep fundamental and quantitative research’ and security selection.
“Alex’s appointment reflects our focus on enhancing the fund’s global investment capability, particularly within international equities, our single largest asset class allocation,” said Mark Hargraves, head of international equities and private equity at AustralianSuper.
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