07.09.2015 - Super fund takes different tack on alternative investments
Richard Brandweiner, the chief investment officer of the $53 billion First State Super retirement scheme, is clearly cautious about investing his members' money in infrastructure.The former Perpetual executive is also taking a different tack towards the asset class. Unlike investments such as bonds and equities, and in contrast to most superannuation funds, First State Super has not set a target for the proportion of the portfolio that is invested in infrastructure, hedge funds and private equity. As interest rates remain low and equity markets lose their shine, sovereign wealth and pension funds globally are being pushed into more illiquid assets such as infrastructure and real estate in an effort to maintain returns...............................................Full Article: Source
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