Super funds head Australia’s top 500 private companies

Super funds head Australia’s top 500 private companies

PUBLISHED: 1 HOUR 43 MINUTES AGO | UPDATE: 1 HOUR 17 MINUTES AGO

BEN WOODHEAD

Superannuation funds have again dominated the pointy end of Australia’s top 500 private companies, with Anthony Pratt-helmed Visy Industries the only non-super fund to squeeze into the top 10. Measured by total revenue, BRW’s annual list of the top 500 companies found AustralianSuper was once again the biggest private business in Australia, with total annual revenue of $24.9 billion in the 2012-2013 financial year. First State Super Fund was a distant second with $11 billion in revenue, while UniSuper moved up one rung on the ladder to come in at number three among the biggest private companies with revenue of $8.5 billion.Positions four to seven were also occupied by superannuation funds, with Visy Industries finally breaking the pattern at number eight, with total revenue of $4.1 billion. But while Visy increased its revenue 5.1 per cent in 2012-2013, according to BRW, it slipped from third place on the top 500 list in 2012.

Outside the top 10, trucking magnate Lindsay Fox’s Linfox came in at number 15 (down from 11 last year) with $2.5 billion in revenue. Billionaire miner Gina Rinehart’s Hancock Prospecting rose to number 16 from number 23 even as its revenue was estimated to have slipped 1.1 per cent to $2.4 billion.

Other non-superannuation funds in the top 20 include 7-Eleven stores (number 12, revenue $3.3 billion), building and construction outfit BGC (number 14, $2.5 billion), Murray Goulbourn Co-op (number 17, $2.4 billion), Co-operative Bulk Handling (number 18, $2.3 billion) and meat processor Teys Australia (number 19, $2.2 billion).

BRW says the top 500 companies increased their revenues in 2012-2013 by 7.7 per cent, compared to 2.5 per cent for the country’s 2.2 million enterprises.

About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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