AMP Super Fund

AMP Super Fund combines internal asset management teams with external managers across asset classes. The fund's real assets platform — historically Collimate Capital, now a refocused domestic team — sourced and managed direct infrastructure and property investments including the Schools II NSW PPP and the Darwin Convention Centre. For niche allocations such as Bitcoin futures, AMP uses external fund managers and publicly traded instruments rather than direct cryptocurrency custody. The partnership with China Life Group also creates potential co-investment pathways into Chinese infrastructure and private equity.

AMP Super Fund is the superannuation vehicle within the AMP Limited group structure. AMP Limited serves as the ultimate holding company of the fund's trustee. Unlike industry funds that return all profits to members, AMP's retail fund structure means a portion of fees flows to AMP Limited shareholders, a point of friction scrutinized during Australia's 2018 Royal Commission into financial services.

AMP confirmed in 2021 it had allocated to Bitcoin futures, specifically citing portfolio diversification as the rationale (per the Australian Financial Review, July 2021). The fund does not hold Bitcoin directly but gains exposure through regulated futures contracts on the Chicago Mercantile Exchange. This posture is conservative relative to family offices but aggressive for an Australian retail super fund, where most trustees have avoided digital assets entirely.

The 2018 Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry found AMP had charged fees to deceased members and engaged in deceptive conduct. In response, AMP undertook a board renewal at both the group and trustee levels, strengthened compliance functions, and exited its financial advice licensee network. The super fund's governance framework now includes enhanced independent director requirements under the Australian Prudential Regulation Authority's accountability regime, CPS 511.

AMP's real estate book includes both commercial and specialized holdings. Among them: the Darwin Convention Centre in the Northern Territory, the Southbank Institute of Technology in Queensland, and aged care properties operated by BlueCross and Opal Aged Care across Victoria and South Australia. The Bethania Parklands Care Community in Queensland is a specific named asset in the portfolio, reflecting a focus on properties with long-dated demographic demand drivers.