Australian Pension With $181 Billion Opens First London Office

Australian Retirement Trust has become the country’s latest pension fund to open a London office, as the fast-growing retirement sector hunts for deals beyond its backyard.

With more than 40% of investments outside of Australia, the A$280 billion ($181 billion) fund is seeking to further capitalize on global opportunities, according to a statement Wednesday. The fund has over A$25 billion of assets in the UK and Europe, and will work with external investment managers to build on that.