Brighter Super, an Australian pension fund with A$33 billion in assets, has decided to reallocate approximately one-third of its equities holdings to active management. This shift in investment strategy is in response to the fund's anticipation of increased market volatility, which it believes will result in significant differences between successful and underperforming stocks.

The fund's Chief Investment Officer, Mark Rider, has identified the current macroeconomic environment as a key factor influencing this strategic move towards active management.

Since its establishment three years ago, Brighter Super has primarily used a passive investment approach, with local equities accounting for 24% and global shares accounting for 32% of its default investment option.