# Advance Asset Management

Advance Asset Management is a Generic based in Sydney, Australia.

## Overview

- **Organization type:** Generic
- **Headquarters:** Sydney, Australia
- **Region:** Oceania
- **Address:** Sydney, NSW, Australia
- **Founded:** 1998
- **Assets under management:** Undisclosed
- **Website:** advance.com.au

## Regulatory record

- **Reports private funds:** No

## About

Advance Asset Management manages mutual funds for clients, investing in public equity and fixed income markets. The firm was acquired by Mercer on May 26, 2022. Advance Asset Management has made one investment, in EverFi as part of their Series C on July 27, 2016.

## Sectors

- Diversified Fund of Funds

## People

- John Shuttleworth — Lead, Advance Asset Management

## Questions

### What is Advance Asset Management's relationship with AustralianSuper?

Advance Asset Management operates as a wholly owned subsidiary of AustralianSuper, Australia's largest superannuation fund. It was absorbed into the group following the 2005 merger between AustralianSuper and the Superannuation Trust of Australia. Advance functions as the group's dedicated multi-manager investment arm, selecting and overseeing external fund managers rather than investing directly or running internal active-equity books. This structure separates its mandate from AustralianSuper's in-house direct investment teams.

### Does Advance Asset Management run its own investment strategies or only allocate to external managers?

Advance Asset Management allocates exclusively to external fund managers. Its core function is institutional manager selection, due diligence, portfolio construction, and ongoing oversight across asset classes. It does not employ internal analysts making direct stock or asset-level decisions; its value proposition is assembling and monitoring blended multi-manager portfolios for the parent superannuation entity.

### Which asset classes does Advance Asset Management cover in its portfolios?

Advance constructs mandates spanning Australian equities, international equities, fixed income, listed property, infrastructure, and private-market exposures. The precise tactical split is recalibrated within the broader AustralianSuper asset allocation framework. Its multi-manager approach blends active and passive strategies across these categories, sourcing from a global roster of institutional fund managers.

### How does Advance Asset Management source and evaluate potential fund managers?

Advance relies on a proprietary institutional due-diligence process focused on quantitative track-record analysis, operational risk assessment, and qualitative evaluation of investment teams. Because it sits inside one of the world's largest pension pools, Advance can negotiate fee structures and access terms from a position of significant scale. The specific manager roster is not disclosed publicly, which is standard for multi-manager fiduciary platforms of this type.

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Last updated: 2026-06-03T20:00:00.000Z

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