Mercer Superannuation Australia chief investment officer Graeme Miller. — Bloomberg
SYDNEY: Mercer Superannuation Australia Ltd will add private equity to its default pension options for the first time, joining a growing number of retirement funds in embracing the strategy to diversify their holdings.
The A$75bil (US$49bil) pension will begin deploying capital this year and aims to bring the allocation to around 5% of default options which members are automatically placed in, said its chief investment officer Graeme Miller.
