AustralianSuper hires from VFMC

The $169 billion superannuation fund has hired a former Victorian Funds Management Corporation chief investment officer in a senior investment role on its equities team.

Justin Pascoe has joined the industry fund as a senior portfolio manager, equities strategy and portfolio construction.

"Justin will add leadership bandwidth to the equities department, with a particular focus on our strategy research of equity markets, portfolio construction of the overall portfolio and working to build out our growing quant capability," a spokesperson said.

Pascoe was VFMC's chief investment officer for eight years ending 2016.

In his new role, he reports to AustralianSuper's head of equities Innes McKeand.

"Justin brings great industry knowledge to the fund and will be an important part of the team as AustralianSuper looks to build out its internal investment capabilities in a bid to deliver the best possible return to members," an AustralianSuper spokesperson said.

Australia's largest superannuation fund recently signed an agreement with the Indian sovereign wealth fund to invest up to US $1 billion in infrastructure opportunities and is taking a shareholding in the fund manager.

Read more: AustralianSuperVFMCInnes McKeandJustin Pascoe
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