Our members have trusted us with their life savings for over 40 years. We understand the responsibility we have in investing their money for a better retirement.

Having an internal investment team with expertise across different types of assets means we’re close to what’s happening in financial markets. This allows us to move quickly to take advantage of opportunities.

What are the benefits of an in-house investment team?

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Low fees

Reduces costs and helps keep fees low
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Enables us to closely monitor and manage assets
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Direct access

Direct access to company directors and management
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Quickly act on investment opportunities

UniSuper was one of the first super funds in Australia to build a dedicated in-house investment team.

Having an experienced internal team helps us keep fees low. Learn more about our low superannuation fees.

Over time, low fees can contribute to greater retirement outcomes for our members.

There’s a lot to love about having over 70% of our funds managed in-house, other benefits include:

  • Being able to design and manage investment options for our members.
  • Having direct access to directors and management of the companies we invest in. This enables us to talk directly with them on a range of issues, such as environmental, social, and governance practices.
  • Enabling us to quickly take advantage of investment opportunities that other funds may miss.

What do we invest in?

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Shares in listed Australian and international companies
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Cash & Fixed Interest

Investments in government and corporate bonds, and cash markets

Infrastructure & Private Equity

Investments in unlisted assets like airports, roads and timber plantations
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Real estate assets such as shopping centres, office buildings and industrial sites

Some of our most recent transactions include PRP Diagnostic Imaging, $600m UNSW health education and research hub, and Uniseed.

Other transactions over the last three years also include:

Sydney Airport (2022)
The privatisation of Sydney Airport was completed in 2022 and was the largest cash takeover in Australian corporate history at that time.
Pacific Fair and Macquarie Centre (2021)
Acquisition of Pacific Fair and Macquarie Centre, alongside Cbus Property which was the largest direct retail property transaction in Australia at that time.
Transurban Chesapeake LLC USA (2020)
Acquisition of an interest in Transurban Chesapeake LLC USA (a toll road operator in Maryland, USA) alongside Transurban, Australian Super and CPPIB.

Meet our investment leadership team

Our in-house investment team are responsible for investing and managing our members’ life savings. Meet the team making investment decisions with the best interests of our members in mind.
John Pearce
Chief Investment Officer (CIO)

John has been UniSuper’s Chief Investment Officer since July 2009. He has over 30 years’ experience in financial services.

John’s previous positions included being the Head of Global Asset Management for Ping An which is China's second largest insurance company (2007-2009). John was also the Chief Executive Officer and General Manager of Investments at Colonial First State (2000-2007).

Dharmendra Dayabhai
Head of Portfolio Analysis and Implementation

Dharmendra joined UniSuper in 2002 and leads our portfolio analysis, reporting and implementation team.

He has a wide experience in financial services and his previous positions have included being the Head of Investment Performance at National Australia Bank, Manager Investment Products at AXA Asset Management, and Senior Manager at Colonial Investment Management (NZ) and Tower Corporation.

Penny Heard
Head of Australian Equities

Penny joined UniSuper in 2019 and leads our listed Australian equities strategy.

Penny brings over 20 years’ investment experience. Her previous positions have included being the Head of Global Equities and Quant Investment Strategy at UniSuper in 2019 and senior roles with JCP Investment Partners, Bank of America, and Merrill Lynch Australia and Hong Kong.

Lou Capparelli
Head of ESG

Lou is responsible for UniSuper’s Environmental, Social and Governance (ESG) approach. He joined UniSuper in 2015 covering domestic and international equities and in 2019 he joined the ESG team.

Lou has over 25 years’ experience in financial markets. Prior to joining UniSuper, he was Head of Research at Evans & Partners and he previously held senior roles with BlackRock Investment Management and Goldman Sachs. Lou began his career at Freehills, where he qualified as a solicitor.

Rob Hogg
Head of Fixed Interest & Macro Research

Rob joined UniSuper in 2016 and leads our fixed interest team.

He has over 25 years’ experience in financial markets across a range of asset classes. Rob’s previous positions have included being the Head of Capital Markets and Asset Allocation at Frontier Advisors, Equity Strategies and Portfolio Manager at Colonial First State, and Head of Global Fixed Interest in Commonwealth Bank’s fund management division.

Sandra Lee
Head of Private Markets

Sandra joined UniSuper in 2008 and leads our private markets strategy covering infrastructure and private equity.

She has over 25 years’ experience in infrastructure and transactional management across the transportation, utilities, timberlands, public private partnerships and telecommunications sectors in Australia and globally.

Kent Robbins
Head of Property

Kent joined UniSuper in 2009 and leads our property team.

He brings over 30 years’ experience across the investment and superannuation sector and has led the repositioning and growth of UniSuper’s direct property and infrastructure portfolios over the past decade.

Thomas Tam
Head of Global Equities

Tommy joined UniSuper in 2005 and leads our global equities and quant investment strategy.

He has wide experience across a range of strategies including listed equities, infrastructure and private equity and research coverage of the Technology and Health Care sectors.

Tommy also manages UniSuper’s Global Companies in Asia portfolio.

Tony Macafee
Head of Investments Legal

Tony was appointed Head of Investments Legal in October 2023.

Since joining UniSuper in 2018, he has worked on major transactions for some of our largest infrastructure and property assets including our investment in Transurban Chesapeake LLC USA, Sydney Airport privatisation, and the acquisition of the AMP Capital Retail Trust.

Tony has over 20 years of experience with a focus on corporate, funds and financial services, and investment law, he was previously the Head of Legal for EquipSuper and a Partner at both DLA Piper and Hall & Wilcox.

Discover more about investments

External Investment Managers
Our external investment managers are chosen for their expertise and investment track record. The external team complement our in-house team.
Responsible, sustainable investing

We're one of Australia's largest investors in sustainable and environmental branded options.1

Our investment approach 
Learn about our core investment beliefs and how we measure our performance.
  • Things you need to know

    1 Based on money in super products branded as sustainable or environmental options. Read our website to find out what sustainable and environmental investing means to us and what our investment options can invest in. Different products have different approaches.

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