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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 ...................... To view our full article Click here
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