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Jeremy Cooper From Komfie Manalo, Opalesque Asia:

Australia’s independent review into the country’s trillion dollar superannuation system, also known as the Cooper Review, may put pressure on superfunds to invest less in alternative investments, observed Bruce Tomlinson, Portfolio Manager at Australian pension fund Sunsuper with $18bn in assets, during the latest Opalesque Australia Roundtable where he discussed the "wide ranging ramifications" of the review.

Tomlinson added that while he was not too negative about the review, he expressed concern over the possible outcome of the initiative. He explained that should the government adopt the recommendations presented by the review, it could result in poor outcomes for superfund members in the long run.

He told participants of the Roundtable, "I think the review may put pressure on funds like ourselves to have less in alternatives not more, which is not a good thing. The larger pension funds or superfunds in Australia are looking at the alternatives universe. You have a small group of funds like ourselves that already put 7-10% in hedge funds, but many more are at zero or just above that, so the average or median investment of superfunds here into hedge funds is j......................

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