Australia’s VFMC increasing infrastructure exposure

Victorian Funds Management Corporation, a A$38 billion ($38 billion) sovereign fund representing government authorities for the Australian state of Victoria, is increasing its exposure to global infrastructure opportunities. Justin Pascoe, Melbourne-based CIO, says VFMC established a dedicated infrastructure team four years ago as part of developing a ‘bucket’ of assets dedicated to protecting the fund against inflation, along with inflation-linked bonds and real estate. Andrew …