Local Government Super announces $10 billion in funds under management
19 April 2017
Local Government Super (LGS) has announced that its funds under management (FUM) has reached $10 billion, having doubled its total FUM in just over seven years. This milestone is testament to the success of LGS’ focus on long-term sustainable investment.
LGS’ acting Chief Executive Officer, Donna Heffernan, said: “We are extremely proud of LGS’ performance in reaching this milestone; a reflection of how closely we align our strategic approach with the needs and values of our member base.”
“As an industry leader in sustainable and responsible investing in Australia, we are committed to investing in long-term growth sectors such as renewable energy generation, recycling and sustainable agriculture. These investments deliver consistent, sustainable returns and that‘s one of the reasons why our members are choosing to trust their retirement savings with LGS throughout their career and even after they’ve left local government.”
LGS has investments across Australian and international shares, property, infrastructure, private equity, fixed interest and absolute return asset classes. More recently, a number of LGS illiquid investments, infrastructure and private equity funds have reached maturity and the in-house property fund has performed well, further boosting FUM.