How Aussie supers are investing in start-ups

Superannuation funds in Australia are not known for making daring investment choices. But a few of them are increasingly starting to go 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.  A few, including Hostplus and First State Super, are taking it a step further. They are proclaiming the benefits of embra…