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Aware Super outlines team restructure and growth ambitions

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The super fund is introducing a range of new initiatives to fuel its growth agenda.

Aware Super has announced a team restructure as part of the $150 billion super fund’s efforts to grow and expand to $250 billion in funds under management in the next three to five years.

In order to uplift its capabilities, the fund confirmed that its team structure will now be organised into two streams: investment enablement and portfolio management. 

According to Aware, the investment enablement side will drive “non-investment but critical activities” leading the investment function strategy, including active management, while the portfolio enablement side will deliver its investment strategy and portfolio construction.

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The fund is also aiming to increase the breadth and depth of its in-house investment team with the goal of doubling in size to more than 200 people, and is in the process of hiring two new senior positions, namely a chief operating officer and a head of portfolio management.

Adopting innovative platforms is also listed among the initiatives that Aware is currently pursuing as it seeks to build on its existing strong investment foundations.

Among the fund’s other targets for the next few years are to reach $125 billion in internally managed assets, increase its investment and support teams, and expand internationally.

In February, Aware deputy chief investment officer Damien Webb was appointed head of international to spearhead the fund’s international expansion strategy.

Mr Webb’s role involves building the fund’s presence on a global scale in addition to growing critical relationships to support the organisation and its ownership of assets.

“We are delighted to announce Damien has accepted this exciting new growth opportunity within the investments team, as we continue to focus on key initiatives such as international expansion to deliver longer-term strong returns and competitive fees for members,” Aware Super chief investment officer Damian Graham said at the time.

Aware said that it is planning to open its first international office in London by the end of the year, which will initially focus on extending its investment management capabilities across international property, infrastructure, and private equity.

Aware Super outlines team restructure and growth ambitions

The super fund is introducing a range of new initiatives to fuel its growth agenda.

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Jon Bragg

Jon Bragg

Jon Bragg is a journalist for Momentum Media's Investor Daily, nestegg and ifa. He enjoys writing about a wide variety of financial topics and issues and exploring the many implications they have on all aspects of life.

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