Hostplus

The $94 billion hospitality industry super fund, Hostplus, is determined to defy the market trend to internalise investments, maintaining its strategy of ...

In the foreseeable future it will be in low double digits of ten and 12 per cent. It [the share market] is just a potpourri of sentiment and a whole set of other things.” “Traditional lenders are pulling back, the risk adjusted returns are good. “The regulator [APRA] has never questioned our valuation methodology.” “We have a young demographic which is not retiring anytime soon. The fund is on track hit $100 billion in assets this year. We have a large amount of cash inflow and not a lot of money leaves. There is no internalisation, and we intend to stay that way.” “The value of an asset is driven by the characteristics of that asset to generate an income. Changes in the equity market shouldn’t drive valuations. “We ask for fee discounts, respectfully but aggressively. Hostplus has about 50 per cent of its assets in shares (21 per cent Australian shares, 21 per cent shares in developed markets and eight per cent in shares in emerging markets).