Jul 2, 2026 – 8.00pmThe nation’s second-biggest pension fund, Australian Retirement Trust, says it has been overly reliant on passive index tracking investment strategies and is now allocating more money to active managers as a hedge against a hyper-concentrated global market too reliant on a small pool of technology firms.Andrew Fisher, head of investment strategy at the fund, said ART had as much as two-thirds of its sprawling $207 billion listed equities’ portfolio tied up in passive strategies, which track the performance of overall indices rather than actively investing in specific companies they have a conviction would do better than their competitors.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles