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Nick Bruining: Billion-dollar hit to super fund AustralianSuper reignites valuation concerns
A billion-dollar hit to super fund behemoth AustralianSuper has reignited concerns about the valuations and investment returns of super funds investing members’ money in unlisted assets.
AustralianSuper has confirmed the fund has written down the value of an investment in a Utah-based technology company to the tune of $1.1 billion. The investment was made after teaming up with private equity specialist Vista Equity Partners.
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