Asset Owners

Head of AustralianSuper’s A$10 billion property portfolio departs

Jack McGougan, head of property for the A$130 billion ($98 billion) AustralianSuper, has left the fund, a spokesman for the Melbourne-based superannuation fund confirmed Thursday.

The spokesman offered no further details on Mr. McGougan's departure or future plans. Mr. McGougan couldn't immediately be reached for comment.

A search is underway to fill the head of property role, according to an emailed statement from AustralianSuper. The statement said the role "will be global in nature as AustralianSuper continues to grow and expand its investment horizons."

AustralianSuper reported the value of its property portfolio at A$10 billion as of March 31.