Hesta chief investment officer Sonya Sawtell-Rickson. — Bloomberg
SYDNEY: Australian pension fund Hesta is pivoting back towards the property market as the A$87bil (US$60bil) fund hunts out distressed opportunities among assets struggling with high interest rates.
Hesta had pared its exposure to real estate amid global concerns around the outlook, chief investment officer Sonya Sawtell-Rickson said in an interview.
