Australian industry superannuation fund founded in 1987, managing over $100 billion for more than one million members in health and community services.
HESTA Super Fund is an Australian industry superannuation fund established in 1987, dedicated to members working in health and community services. The fund manages over $100 billion in assets on behalf of more than one million members nationwide, positioning it as one of the larger institutional capital allocators in the Australian retirement savings system. Approximately 80% of its members are women, a demographic concentration that shapes the fund's product design and its stated focus on member retirement outcomes.
The fund operates across accumulation superannuation and income stream products, covering both the savings accumulation phase and the drawdown phase for retiring members. Its stated investment domains include investment management, sustainable investing, and social impact investing, and the fund reports a long-term investment performance focus alongside the use of its influence to create positive change in the community. Capital is deployed with an explicit member-benefit mandate rather than external shareholder return obligations.
Governance rests with a Board of 13 Trustee Directors constituted with equal representation from employer and employee organisations, a structure specific to the Australian industry fund model. Decision-making is directed to member outcomes, with commitments to sustainability and social impact integrated into the investment approach. Geographic activity is concentrated in Australia, and sector exposure is anchored to the health and community services workforce the fund serves.
