ART closes in on AustralianSuper’s top spot with new merger
Hannah WoottonReporter
The Australian Retirement Trust will acquire Qantas’ corporate superannuation fund as it closes in on industry behemoth AustralianSuper as the biggest fund in the $3.9 trillion sector.
The deal will add Qantas’ $9 billion in funds under management to ART’s ballooning $280 billion-plus asset pool and reflects the Queensland-based fund’s commitment to growth through mergers and acquisitions.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Superannuation & SMSFs
Fetching latest articles