AUSTRALIA - The superannuation fund, Sunsuper, has celebrated its twentieth year of operations, by welcoming its millionth member and posting a 35% growth in assets fro the 2006-07 financial year.
The fund now has a total of AUS$13bn under management and has averaged 30% year on year growth for the past decade.
It has also announced that new sign-ups for membership have exceeded 10,000 Australians a month.
Tony Lally, CEO, Sunsuper said the organisation had a clear plan for the future, involving further sign-ups, the development of new savings products and innovative investment opportunities.
This announcement came after Sunsuper boosted its real-estate holdings through a deal with Colonial First State Private Capital (CPI) worth over $116m and a partnership with Makena Capital Management in the US to enter the private endowment market.
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