Original title: AustralianSuper Pledges $26 Billion for Local Investments
AustralianSuper, the country’s top pension fund, has earmarked A$40 billion ($26 billion) for local investment, including critical infrastructure, over the next five years, according to chief executive Paul Schroder . The head of the A$385 billion fund flagged housing, health, the energy transition and artificial intelligence as major challenges for Australia that pension funds can help address — as long as the numbers stack up.