Australia’s IFM Investors Poised to Merge With Smaller Fund ISPT

Australian asset managers IFM Investors and ISPT, both backed by some of the country’s largest pension funds, are closer to completing a merger following months of talks.

IFM manages around A$220 billion ($149 billion) of assets globally across infrastructure, debt, equities and private equity, while ISPT manages about A$20 billion of Australian real estate investments.