Why Aussie supers are haring after start-ups

A handful of adventurous superannuation funds in Australia are going against their investment DNA. Instead of seeking out large, illiquid investments into assets such as infrastructure, or easily understood equity portfolios, they are seeking small investments in early-stage start-up companies.  For most of the country’s pension funds, such investing stands at the very fringes of what they do. Start-ups are often flighty concepts, born from an entrepreneur’s wild imagination. Retu…