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    Top 10 Fund Managers in Australia (2026)

    Reviewed by the Raises.com editorial desk, capital-raising operators who structure funds and SPVs for people buying a business or real estate.

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    How Investors Choose a Fund Manager (What Actually Gets Checked)

    Investors pick a fund manager on track record, alignment (how much of the manager's own money is in), structure (administrator, audit, counsel) and strategy fit. First-time managers get chosen when the record lives in the asset.

    Questions answered on this page

    1. top 10 fund managers australia
    2. how do I invest with the top fund managers in australia as a foreign investor?
    3. which australian fund manager is best for infrastructure investing?
    4. are australian super funds open to international investors?

    top 10 fund managers australia

    The top 10 fund managers in Australia for 2026, ranked by AUM, are: (1) Macquarie Asset Management — ~A$900B, global alternatives leader; (2) AustralianSuper — ~A$365B, largest super fund; (3) Australian Retirement Trust (ART) — ~A$310B, second-largest super; (4) IFM Investors — ~A$220B, infrastructure specialist; (5) BlackRock Australia — ~A$190B; (6) Charter Hall Group — ~A$90B, listed real estate; (7) Goodman Group — ~A$80B, global industrial real estate; (8) Aware Super — ~A$170B; (9) Magellan Financial Group; (10) Pendal Group (now part of Perpetual). AUM figures are approximate and based on most-recent public reporting.

    1. Macquarie Asset Management

    Australia's largest global asset manager — ~A$900B AUM.

    Best for: Investors wanting exposure to Australian alternatives + global infrastructure.

    Pros

    • Largest infrastructure manager globally (MIRA)
    • Strong real estate, private credit, equities
    • Listed parent (MQG) for liquid exposure

    Cons

    • Complex group structure
    • Minimums for direct funds are institutional-scale

    2. AustralianSuper

    Australia's largest superannuation fund — ~A$365B AUM.

    Best for: Australian workers via default super; growing direct international investing.

    Pros

    • Largest scale in Australian super
    • Direct investing capability globally
    • Low fees for members

    Cons

    • Member-only — not open to external LPs
    • Conservative governance pace

    3. Australian Retirement Trust (ART)

    Second-largest super fund — ~A$310B AUM (post Sunsuper + QSuper merger).

    Best for: Australian super members.

    Pros

    • Diversified investment options
    • Strong default option performance
    • Member service investments

    Cons

    • Member-only
    • Younger merged entity (2022)

    4. IFM Investors

    Industry super–owned global infrastructure manager — ~A$220B AUM.

    Best for: Institutional LPs wanting global infrastructure exposure.

    Pros

    • Top-tier global infrastructure platform
    • Owned by Australian super funds (aligned interests)
    • Strong listed equities + private debt

    Cons

    • Institutional minimums
    • Primarily wholesale-only

    5. BlackRock Australia

    Australian arm of the world's largest asset manager.

    Best for: Australian institutional and retail investors via iShares ETFs.

    Pros

    • Global scale and product breadth
    • Strong iShares ETF platform in Australia
    • Wide indexed + active offering

    Cons

    • Less local Australian deal flow than Macquarie
    • Brand drag from US ESG debates

    6. Charter Hall Group

    Largest Australian listed property fund manager — ~A$90B AUM.

    Best for: Investors wanting Australian listed and unlisted real estate exposure.

    Pros

    • Largest Aussie property platform
    • Multiple listed REITs and unlisted funds
    • Strong long-WALE office and industrial

    Cons

    • Office headwinds have weighed on returns
    • Concentrated in Australia

    7. Goodman Group

    Global industrial property manager — ~A$80B AUM.

    Best for: Investors wanting global logistics real estate exposure.

    Pros

    • #1 in global industrial real estate
    • Strong development pipeline
    • Listed (GMG) for liquid access

    Cons

    • Single-sector exposure
    • Cyclical to global trade

    8. Aware Super

    Third-largest Australian super fund — ~A$170B AUM.

    Best for: Australian super members and growing institutional partnerships.

    Pros

    • Strong direct investing capability
    • Active in unlisted assets

    Cons

    • Member-only access

    9. Magellan Financial Group

    Listed global equities specialist — historically strong concentrated portfolios.

    Best for: Australian investors wanting global equities exposure.

    Pros

    • Long-tenured global equities track record
    • Listed parent (MFG) for liquid access

    Cons

    • Recent performance and outflow challenges
    • Concentrated portfolio style

    10. Perpetual / Pendal Group

    Combined entity post-2023 acquisition — diversified active manager.

    Best for: Australian and global active equities, fixed income, multi-asset.

    Pros

    • Wide product range across asset classes
    • Strong Australian equities heritage
    • Listed (PPT) for liquid access

    Cons

    • Integration complexity post-merger
    • Active manager headwinds vs passive

    how do I invest with the top fund managers in australia as a foreign investor?

    Foreign investors can access top Australian fund managers through three routes: (1) listed vehicles — buy shares in Macquarie (MQG), Charter Hall (CHC), Goodman (GMG), Magellan (MFG), or Perpetual (PPT) via ASX-listed equities or ADRs where available; (2) wholesale funds — institutional LPs with $5M+ commitments can access Macquarie MIRA, IFM Investors, and Charter Hall unlisted funds, often via feeders; (3) ETFs — Australian and international ETFs offer broad exposure without manager-selection risk.

    which australian fund manager is best for infrastructure investing?

    For infrastructure investing in Australia, the top managers are Macquarie Asset Management (MIRA — largest infrastructure platform globally with ~A$210B), IFM Investors (~A$120B+ in infrastructure, owned by Australian super funds), and AustralianSuper (large direct infrastructure investing program). Macquarie offers the broadest global pipeline; IFM offers aligned super-fund ownership; AustralianSuper invests directly without external mandates.

    are australian super funds open to international investors?

    Generally no. Australian super funds (AustralianSuper, ART, Aware Super, UniSuper) are member-only retirement vehicles, not open to external LPs. International investors seeking similar exposure typically invest alongside super funds via co-invest structures arranged by IFM Investors, QIC Global, or Macquarie, or via listed Australian asset managers.

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    Frequently asked questions

    Macquarie Asset Management is the largest Australian-headquartered global fund manager with approximately A$900 billion in AUM (most recent reporting). AustralianSuper is the largest single super fund at ~A$365 billion.
    Australian fund managers are regulated by ASIC (Australian Securities and Investments Commission) under the Corporations Act 2001 and require an Australian Financial Services Licence (AFSL). Superannuation trustees are additionally regulated by APRA.
    Wholesale funds are open only to wholesale clients (institutions, sophisticated investors with $2.5M+ net assets or $250K+ income) and have lighter disclosure. Retail funds require a Product Disclosure Statement (PDS) and are open to general public investors with stricter regulatory protections.
    Australian super funds are among the lowest-fee retirement vehicles globally (~0.5–1% all-in). Wholesale alternatives funds (Macquarie MIRA, IFM, Charter Hall unlisted) charge institutional-grade fees typically 1–2% management + 10–20% performance.

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