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Fabian Ross says WA Super has been actively seeking a culturally-aligned merger partner. Photo: Attila Csaszar

WA Super pursues new merger

National superannuation giant First State Super and smaller Perth-based fund WA Super have signed a memorandum of understanding to evaluate the benefits of a merger.

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Assets under management or net assets ($m)

3rd-Insurance Commission of WA$5.30bn
4th-WA Super$3.70bn
7th-Packer & Co$2.00bn
8th-Resource Capital Funds$1.10bn
42 fund managers ranked by assets under management or net assets