16.06.2011 - Australia’s Future Fund ups hedge fund allocation to 16% (A$11.8bln) of its assets
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 ?skill based absolute return strategies and other risk premia providing diversity of return streams.? 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:.............................................Full Article: Source
Print