Australian Pension Fund Executives Lobby US Officials, Looking for a Role in Infrastructure Initiatives

The Australian Financial Review reports, “Australia’s [pension fund management] industry has directly pitched to Trump administration cabinet members to help fund the US President’s planned $US1 trillion infrastructure rebuild, with IFM Investors chief executive Brett Himbury dining at Vice President Mike Pence’s home to discuss the plan. . . . Mr Himbury is part of an industry superannuation delegation touring the US to speak to top government officials about the infrastructure privatisation experience in states such as [New South Wales].” Himbury tells the newspaper that administration officials are “quite keen to understand the asset recycling model.”