Street Talk

Fund managers caught up in Aware, TelstraSuper $237b merger

Sarah Thompson, Kanika Sood and Emma Rapaport

Mar 26, 2026 – 4.17pm

In typical fashion, the merger of two major superannuation funds has led to collateral damage: fund manager mandates.

Aware Super and TelstraSuper agreed to a merger in October, combining their $237 billion in funds under management and more than 1.3 million members. The switch will be flipped on April 30.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.