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QSuper and Sunsuper in merger talks to create Australia’s largest superfund

The combined entity would have more than A$180bn of AUM and be larger than the country’s current largest fund, AustralianSuper.

Impact investors set sights on Australian agriculture

The launch of a new impact investment fund in Western Australia signals that impact investing in ag is continuing to find its feet and grow more popular among LPs.

WA Super makes first move into ag with Impact Investment Group

WA Impact Fund, which represents WA Super’s first foray into both agriculture and impact investing, will have regenerative agriculture as one of its four investment strategies.

Agri, timberland and infra make up more than 9% of VicSuper’s FUM

Australian superfund also announces it has reached its target of deploying A$3 billion in sustainable outcomes as it looks to align its decisions with eight of the UN’s Sustainable Development Goals.
Steve Jarrott

Warakirri appoints portfolio manager for Diversified Agriculture Fund

Steve Jarrott joins Warakirri from Westchester, where he was Australian portfolio manager, to oversee its latest diversified ag fund.

Rural Funds moves out of poultry with sale to First State Super’s ProTen

The listed asset manager, which has been under fire from short-sellers in recent months, has sold the assets in NSW and Victoria because they are ‘better suited to business with greater economies of scale’ like ProTen.

Australian grain crop set to fall to decade low due to drought – Rabobank

Rural lender issues pessimistic winter crop outlook for 2019-20 that is significantly lower than official government forecasts.

ACCC delays decision on Graincorp bulk liquid terminals sale

The competition watchdog has pushed back a decision for a second time. The review was triggered by concerns that the purchase by ANZ Terminals would ‘remove a significant competitor’ from the market.

Future Fund infra and timberland allocation falls after core assets sale

The Australian fund saw the value of its infrastructure and timberland portfolio rise even as it fell as a percentage of total AUM, due to disposals of illiquid overseas assets including Gatwick Airport.

MIRA and QIC maintain cattle herds amid ‘difficult decisions’ during drought

The heads of two of Australia’s largest beef producers said that northern Queensland floods had benefited their portfolios in some ways, with portfolio diversification also helping to mitigate negative weather events.

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