Our 'core and satellite' approach

We employ a ‘core’ and ‘satellite’ investment structure within a number of asset classes, with the allocation to each varying depending on the nature of the asset class and available investment opportunities. Core investments generally provide market-like returns, while satellite investments are intended to provide potentially higher returns.

To invest VicSuper Fund's assets, we appoint specialist external investment managers. All of the Fund's assets are externally managed.

Our 'core and satellite' approach

We employ a ‘core’ and ‘satellite’ investment structure within a number of asset classes, with the allocation to each varying depending on the nature of the asset class and available investment opportunities. Core investments generally provide market-like returns, while satellite investments are intended to provide potentially higher returns.

To invest VicSuper Fund's assets, we appoint specialist external investment managers. All of the Fund's assets are externally managed.

Selecting and monitoring managers

Each of VicSuper’s investment managers looks after one or a number of VicSuper’s investments and is selected based on their specialist skills.

Selection follows extensive internal and independent external research and assessment.

As part of the selection process, VicSuper factors in each manager’s approach to integrating ESG factors and whether they are a signatory to the Principles for Responsible Investment (PRI).

Managers are expected to provide evidence through case studies of ESG integration in their investment decision making.

Investment managers are assessed on an ongoing basis against their respective benchmarks (usually an index) and performance is reported to VicSuper’s Investment Committee and Trustee monthly.

 

Investment trust arrangements

VicSuper also invests in unlisted investment trusts which are managed independently of VicSuper.

An investment trust allows a number of individual investors to pool their money with that of other investors.

This provides VicSuper with access to a wide range of investments in listed equities including companies rated as sustainability leaders, private equity and real assets (property, infrastructure, agriculture and timber).


Our investment managers

Australian equities
  • AB Global Investment Management
  • BlackRock Investment Management
  • Colonial First State Global Asset Management
  • Ellerston Capital
  • Vinva Investment Management
  • WaveStone Capital
International equities
  • Analytic Investors
  • Colonial First State Global Asset Management
  • C Worldwide Asset Management
  • Generation Investment Management
  • Global Thematic Partners
  • Sanders Capital
  • State Street Global Advisors
  • Vanguard Investments
Emerging market equities
  • Acadian Asset Management
  • AB Global Investment Management
  • Martin Currie
Alternatives
  • Aspect Capital Limited
  • Cleantech Australia Fund Management Partnership
  • Emerald Cleantech
  • Generation Investment Management
  • Industry Funds Management
  • Invesco
  • Payden & Rygel 
  • Performance Equity Management
  • ROC Partners
  • Wellington Management Company
  • MAN AHL
  • PIMCO
Australian fixed interest
  • Ardea Investment Management 
  • BlackRock Investment Management
  • Members Equity Portfolio Management
International fixed interest
  • BlackRock Investment Management
  • Colchester Global Investors
  • Payden & Rygel
  • Wellington Management Company
Cash
  • BlackRock Investment Management
Property
  • AMP Capital Funds Management
  • Invesco
  • Investa Property Group
  • Stride Property Limited
  • TH Real Estate 
  • Vicinity Centres
  • GPT Group
Infrastructure
  • HRL Morrison & Co (Australia) Pty Limited
  • Industry Funds Management
  • Palisade Investment Partners Limited
  • Colonial First State Global Asset Management 
  • Industry Funds Management
  • Macquarie Infrastructure and Real Assets
  • QIC Limited
Agriculture and Timber
  • VicSuper Future Farming Landscapes Trust
  • VicSuper Future Farming Landscapes Land Holdings Trust
  • Campbell Global 
  • Stafford International
Other
  • QIC Limited (currency)

Companies we invest in

For listings of the companies in which VicSuper invests, please download the: