Time to Scoop Up Risk Is Closer, Says $70 Billion Australian Fund
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Australian pension giant UniSuper is ramping up its bargain hunting as global market ructions and the slump in sterling provide a cheaper entry point for riskier assets.
The A$110 billion ($70 billion) fund is holding excess levels of cash and sees investment opportunities “across the full spectrum,” Chief Investment Officer John Pearce said in an interview Tuesday. He hinted that it would be buying sooner rather than later.