Sunsuper turns opportunist on China high-yield property debt

One of Australia’s largest superannuation funds Sunsuper said it is being an opportunist about taking debt positions in some southern Europe and Asian real estate markets, including with the small amount of debt it holds in the stricken China Evergrande Group. Sunsuper, which manages AU$85 billion ($61.6 billion) of assets ‒ about 10% is in real estate ‒ is willing to take more risks when its senior debt strategy is performing well, said Head of Alternative Strategies Bruce Tomlin…