155: Super Returns! Australia’s Largest Super Fund’s CIO, Mark Delaney, Describes Their Investment Priorities

Money Maze Podcast

Business, Investing, Management, News, Business News

4.8 • 216 Ratings

🗓️ 10 October 2024

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Today we travel back to Melbourne, Australia, having had previous conversations with Ben Samild (now CIO of the AFF) & David Neal (CEO of IFM Investors).

AustralianSuper, Australia’s largest super fund, manages approximately USD $230bn for 3.4m members. Mark Delaney has been at its helm as CIO for almost 20 years.

Mark describes the goals, the organisation and its investment principles. He explains why Australia consolidated its pension industry and the benefits it has reaped for pensioners and the economy.

He discusses approaching global equities, why infrastructure is the “ballast in the boat”, his favourable view of private equity and why he likes active over passive.

He also covers how he accesses commodity exposure, and why you can’t worry about the markets when he’s on his surfboard trying to catch a wave!

The Money Maze Podcast is kindly sponsored by Schroders, IFM Investors and the World Gold Council.

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Transcript

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0:00.0	Welcome to the Wall Street Sheport in the Money Russell.
0:16.0	Welcome to the MoneyMaze podcast. I'm Simon Brewer and along with my co-founder, Will Campion.
0:22.3	We created this show in 2020 to explore and unravel some of the mysteries surrounding the investment and business worlds. episodes are available on audio via our YouTube platforms and on video via our YouTube channel and we're
0:46.9	active on all major social media platforms to stay up to date with every episode please do sign up to our
0:53.0	newsletter at money mazepodcast.com.
0:56.0	And we'd like to thank you for listening.
0:57.7	If we could ask one favour, we'd love you to tell a friend or colleague about us.
1:02.8	Thank you.
1:05.3	Today we travel back to Melbourne, Australia, having had previous conversations with Ben Sermil, now the
1:11.9	CIO of the Australia Future Fund, and David Neal, CEO of IFM, the Infrastructure Powerhouse.
1:19.3	Another Australian force to be reckoned with is not found in their sporting domain. It's in the
1:25.0	world of their pensions, specifically the Australian super,
1:28.3	Australia's largest super fund. And at its helm, the CIO, and I think the CIO for almost
1:34.2	20 years, is Mark Delaney, our guest today. So, Mark, 8 o'clock in the morning in London, 5 o'clock in
1:40.5	Melbourne. Welcome to the Moneymates podcast. Hey, thank you, Simon. Well, it's
1:46.3	great. You are the largest, Australia's largest superfund. In a minute, we'll talk about what
1:50.9	exactly that means. If I've got my research right, you manage over Australian dollar, 340 billion
1:57.7	of retirement savings on behalf of 3.4 million members in that today's exchange rate of 1.46,
2:04.3	Aussie to the US, that's about $230 billion.
2:08.0	Was I right about that, by the way, Mark, before I march on?
2:11.2	Numbers are right, Simon.
2:12.3	Well, done.
	...

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