SYDNEY, Nov 17 (Reuters) - Australian pension fund Equipsuper is exploring ways to become more competitive in the A$2.1 trillion ($1.57 trillion) industry, a top executive said on Thursday, but declined to comment on reports of a possible merger with Energy Super.
"We are looking at opportunities for scale to reduce cost and make ourselves more competitive," said Nicholas Vamvakas, acting chief executive of Equipsuper which manages A$8 billion of assets.
Vamvakas however declined to comment on reports of a possible union, with Australia's pension fund Energy Super, which would create a A$13 billion retirement fund.
"We are talking to a number of parties," he said. ($1 = 1.3371 Australian dollars)