Australia’s $251 Billion CIO Downplays Fed Dramas, US Debt Pile

The chief investment officer of Australia’s top pension fund has brushed aside concerns over Washington’s ability to service its growing debt pile and that President Donald Trump is weakening Federal Reserve independence.

The US will eventually navigate its rising debt burden, especially as investors increasingly raise it as a problem, said Mark Delaney, who oversees A$385 billion ($251 billion) at AustralianSuper. His relatively sanguine outlook means the fund isn’t looking to cut Treasury holdings.