High income: A worker near the Opera House in Sydney. According to some estimates, up to A$3.8bil flows into Australia’s pension system every week. — AFP
Sydney: On a Monday morning in February in Washington, more than a dozen Australian pension executives showed why everyone in the United States with a big project to fund wants to meet them.
“We have capital to invest in the United States – that was the purpose, that was the key message,” said Sam Sicilia, chief investment officer of the A$115bil or about US$73bil pension fund Hostplus, after returning from the Australian Super Summit. “We’ve exhausted our home country. We come to you wanting to invest money in the United States.”
