Offshore investment

SYDNEY – Australia’s largest pension fund, AustralianSuper, plans to invest a greater share of its $A120 billion ($F192b) in funds offshore, with Asia set to become a greater focus, chief executive Ian Silk said on Thursday.

Speaking at a Reuters Newsmaker event in Sydney, Mr Silk also said the fund was being approached more by corporates interested in borrowing directly from the fund.

Even banks were coming to the super fund saying corporate clients wanted funding and offering to work on deals, he added.

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