The amount of investment needed for this enormous task is $4 trillion yearly, but the effort is gearing up now.
The APRA is putting under review its practices for valuation of unlisted assets, including private equity, commercial real estate and infrastructure.
Starting with ‘baby steps,’ the fund plans to eventually incorporate decades of the pension fund’s data.
Rallying equities helped the pension giant return 16.1% during the year, but it fell 18 basis points shy of its benchmark.