AustralianSuper hired Causeway Capital Management to manage A$1 billion (US$920 million) in global equities, said Licardo Prince, spokesman for the A$75 billion Melbourne-based superannuation fund.
Funding for the allocation comes from cash, Mr. Prince said.
Mr. Prince couldn't immediately say whether the hire, which comes to more than 1% of the value of AustralianSuper's portfolio, reflects an asset allocation shift for the fund.
Michael Dorph, a Sydney-based director with Causeway Capital Management (Australia), declined to comment.