The Australian Retirement Trust (ART), one of Australia’s largest superannuation funds, has opened its first overseas office in London.

ART has more than 40 percent of its assets invested outside of Australia and more than A$25 billion (US$16.3 billion) invested in the United Kingdom and continental Europe. “Australian Retirement Trust partners with world-class external managers, and this is the next logical step for us to expand our investment capability,” says Ian Patrick, CIO of ART.

“The team in Australian Retirement Trust’s UK office will work with external investment managers to source new investment opportunities for our more than 2.3 million members,” Patrick adds. “Having an office in close proximity to our external investment managers will help us secure even more compelling investment opportunities for our members.”

Michael Weaver, head of global real assets at ART, notes, “As a profit-for-members fund, delivering strong long-term pe