Wall Street’s Next Prize Is a $2 Trillion Australia Pension Pot

07/25/2023 05:53
report
Wall Street’s Next Prize Is a $2 Trillion Australia Pension Pot

Morgan Stanley chief James Gorman has been tapping his Australian roots to access one of the world’s fastest-growing corners of global capital.

Wall Street’s Next Prize Is a $2 Trillion Australia Pension Pot

  • Pension giants reap more than A$1 billion of inflows a week
  • They’re joining more global funds in private market deals
Australia’s pension funds are raking in more money than they know what to do with.Photographer: Brent Lewin/Bloomberg

Morgan Stanley chief James Gorman has been tapping his Australian roots to access one of the world’s fastest-growing corners of global capital.

The bank’s Melbourne-born boss is one of a string of executives from Wall Street and beyond doing more business with the largest players in Australia’s A$3.5 trillion ($2.4 trillion) pensions industry. The big attraction: inflows of more than A$1 billion a week that need to find an investment destination.

Read more --->

0 Like 0 Share -46 0 0 bloomberg.com defi