London, 16 February 2026
AustralianSuper, Australia’s largest superannuation fund, has appointed Maria Toneva as Head of Fundamental Equity Research, a core capability supporting the Fund’s global equities portfolio.
Maria joins AustralianSuper from Newton Investment Management, where she was Deputy Head of Research, in addition to specialising in global consumer stocks. Based in the London office, Maria will continue this sector coverage at AustralianSuper while also leading the Fund’s team of global sector analysts, supporting stock picking and working closely with Alex Stanić, Head of Fundamental Equity, to continue the development of the Fundamental Equity team.
AustralianSuper has continued to grow its Fundamental Equity capabilities in London, aligned to the Fund’s strategy to build out its global investment offices, with a significant majority of the Fund’s global equities exposure to be managed in-house, reducing costs and aiming to maximise risk adjusted returns for over 3.6 million AustralianSuper members. AustralianSuper’s Fundamental portfolios are internal portfolios that are actively managed by its in-house Equities team.
“Our Fundamental Research team are a critical function of our global equity investment process”, said Mark Hargraves, Head of International Equities and Private Equity at AustralianSuper. “Maria’s experience adds depth to a team with world class talent, as we continue to build the Fund’s capabilities internationally and identify opportunities in global equities to best serve members.”
AustralianSuper manages £205 billion (A$410 billion, as at 31 December 2025) on behalf of over 3.6 million members. Of this, over half is invested globally, including over £29 billion allocated across the UK and Europe. Global Equities represents the Fund’s largest asset allocation, with £71 billion invested across the Fund’s listed equity portfolio.
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About AustralianSuper:
AustralianSuper manages £205 billion (A$410 billion) in members’ retirement savings on behalf of more than 3.6 million members from 485,000 businesses (as at 31 December 2025). The Fund is an active investor across global financial markets, real assets, private credit and private equity, with the aim of delivering sustainable, long-term performance for its members. AustralianSuper is the 17th largest pension fund in the world by total assets, and one of the fastest-growing among the global top 20 (Thinking Ahead Institute, Global Top 300 Pension Funds, based on 5-year CAGR 2020-2025). For more information, visit: australiansuper.com.
AustralianSuper Pty Ltd (ABN 94 006 457 987, AFS Licence No. 233788), the Trustee of AustralianSuper (ABN 65 714 394 898). References to “AustralianSuper” or “the Fund” in this document are taken to mean AustralianSuper Pty Ltd, the AustralianSuper superannuation fund, AustralianSuper (UK) Ltd (UK company number 09949713, authorised and regulated by the Financial Conduct Authority –Reference No 741471), AustralianSuper (US) LLC (a Delaware Limited Liability Company, file number 7398158), AustralianSuper Research Pty Ltd (ABN 82 105 638 319, a Beijing Representative Office) and any/or other related bodies corporate of AustralianSuper Pty Ltd.
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