IFM Investors more than doubled its annual profit after significant fee growth in its infrastructure and real estate portfolios, while staff costs at the asset manager, backed by some of the country’s biggest superannuation funds, surged past $1 billion last year.
IFM invests on behalf of funds such as AustralianSuper and Australian Retirement Trust. It recorded an after-tax profit of $251.5 million and grew its assets to $291 billion, making it one of the world’s largest private infrastructure managers , despite a year of economic uncertainty.
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