AustralianSuper’s riot act to IFM over exotic travel

Detailed summary

IFM Investors may own a host of airports, but its staff will be passing through them less after a crackdown on overseas junkets.

Profits for the asset manager backed by the country’s largest super funds recently landed at $251.5 million. Assets are brushing $291 billion. And staff expenses have soared past the $1 billion mark. That means the average IFM worker pulls in more than half a million dollars annually.

Opening of the article, excerpted from Australian Financial Review. To read the rest, open the article on the publisher's site.