Hostplus has boosted its exposure to equities and property.
Industry superannuation fund Hostplus has invested $100 million in three Australian equities managers and placed another $100 million in property investments.
Hostplus has invested $80 million in its existing Australian equities managers, Paradice Investment Management and Greencape Capital.
Paradice and Greencape will manage $30 million and $20 million respectively.
Hostplus has also invested $20 million in a newly-appointed Australian equity manager.
Details could not be disclosed as the funding had not been finalised, Hostplus chief investment officer Sam Sicilia said.
The superannuation fund was optimistic about the equities market, having $1 billion invested in the markets last year, Sicilia said.
"Despite the pessimism out there in the market, we take the view that governments and regulators around the world will do whatever it takes to bring integrity and stability to the equity markets," he said.
"The pessimists are saying that it will take another 15 years before markets will recover; for us it is more like 15 minutes."
In addition to its equity investments, the superannuation fund has invested $100 million in property investments managed by Lend Lease.
It has put $50 million into an investment in Victoria's Dockland precinct and another $50 million in an opportunistic property portfolio.
"Although the opportunistic property portfolio presented us with distressed vendors, the properties were sound. This allowed us to gain access to high-quality properties at a discounted price," Sicilia said.
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