The country’s largest pension fund AustralianSuper has made the executive in charge of its sprawling property, private credit and unlisted infrastructure investment empire redundant, potentially signalling a major shift in the way the $367 billion industry fund manages the portfolio.

Its head of mid-risk investments, Jason Peasley, will finish up at the end of the week, AustralianSuper confirmed on Friday afternoon, 14 years after he joined the fund in early 2011.

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