Australian pensions eye infra debt tranches in yield hunt

Australian superannuation funds are turning maverick as they attempt to snap up infrastructure projects, with unsolicited bids emerging as one way of getting ahead of the pack in the fight for assets that offer healthy returns. Yet unsolicited bids leave some state governments wary – especially on more involved projects, or when competition emerges. As a result,  Australia’s asset owners are pushing for other means to access infrastructure. In particular, they are seeking the incl…