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AAP

Adrian Black

Super fund offloads $580m stake in embattled tech firm

Richard White Wisetech AustralianSuper Wisetech Global

AustralianSuper has cited governance concerns for selling its stake in tech company WiseTech. (Lukas Coch/AAP PHOTOS)

Australian superannuation giant AustralianSuper has sold off its $580 million stake in beleaguered logistics tech company WiseTech Global over governance concerns surrounding billionaire founder Richard White.

AustralianSuper had been a shareholder since WiseTech's ASX listing in 2016, a period that created significant value for members, the fund's head of Australian equities Shaun Manuell said.

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