Top Aussie pension fund hungry for infrastructure

Sydney

AUSTRALIA'S top-performing pension fund over the past three years wants to invest in more toll roads and airports, betting infrastructure assets will offer among the most reliable returns over coming decades.

Sam Sicilia, who oversees A$25 billion (S$26.3 billion) of assets at Melbourne-based Host-Plus, is seeking board approval to invest about 12 per cent of the fund's capital in infrastructure, from 10 per cent now.

Australian funds managing retirement savings now hold A$100 billion in infrastructure assets, double the amount four years ago, data from researcher Rainmaker Group show. And soaring worldwide investor demand has pushed the averag…