Australian Super Australia's largest superannuation fund plans to beef up its offices in London and New York as it targets more offshore deals as it seeks to manage A$500 billion (US$376 billion) of offshore investments in five years. <The A$225 billion fund is targeting 60 staff in its New York office by 2026, where it will focus on investing in infrastructure, real estate and private equity firms, said Mark Denley, chief investment officer at Australian Super. It is also targeting 100 employees in London over the same period, up from 40 currently.

Bloomberg News noted that Australia Super aims to double its headcount over the next five years as it seeks to increase its investments outside of Australia, with more than two-thirds of its investments to be moved overseas. The fund's original plan was to increase its headcount in London to 50 and in New York to 30 by next year, but was postponed due to the fallout from the coronavirus pandemic.