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Alternative Market Briefing

Australia’s Future Fund ups hedge fund allocation to 16% (A$11.8bn) of its assets

Thursday, June 16, 2011

Benedicte Gravrand, Opalesque Geneva:

The Australian government's superannuation Future Fund expanded its hedge funds portfolio further. According to its March 2011 quarterly update, the Fund had A$11.8bn (US$12.6bn) or around 16.3% of its assets placed in alternative funds – which it defines as ʻskill based absolute return strategies and other risk premia providing diversity of return streams.ʼ

Triple A Partners Australia’s May 2011 newsletter said this was spread among 17 offshore managers who have received mandates averaging A$700m (US$746m) each:

1. Astenbeck Capital Management* 2. BlackRock Alternative Advisors 3. Blenheim Capital Management* 4. BlueCrest Capital Management LLP* 5. Brevan Howard Asset Management 6. Bridgewater Associates 7. Canyon Capital Advisors 8. Centerbridge Partners LP 9. Ionic Capital Management* 10. King Street Capital 11. Louis Dreyfus Investment Group* 12. Makena Capital Management 13. Oaktree Capital Management 14. Och-Ziff Management 15. Pacific Alliance Investment Management Limited* 16. Sankaty Advisors 17. Winton Capital Management*

* these managers were appointed after June 2010.

According to the Fund’s website, it managed A$74.62bn as of 31st ......................

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