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By Florian Guldner, Opalesque Asia:

Australia's superannuation Future Fund further boosted its allocation to alternative investment managers in the second quarter ending 30 June 2011. Alternative assets held by the fund (defined as skill-based absolute return strategies and a range of risk premiums) grew to a total of A$13.8bn or 18.6% of its total assets, an increase of A$1.9bn compared to the first quarter of 2011.

According to Triple A Partners Australia's August 2011 newsletter, this inflow into alternatives was the largest amongst all asset classes within the fund's portfolio. Alternatives now form the third largest asset class after Global Equities (Developed Markets, 21.3%) and Debt Securities (19.4%).

Assets in the alternatives portfolio are spread among 20 managers, compared to 17 in the first quarter (see our previous Exclusive article on that: Source). In Q2, the Board appointed hedge fund managers Arrowgrass Capital Partners, a spin-off from Deutsche bank focusing on European markets; Blackstone Alternative Asset Management; and New York-based Vermillion Asset Management, ......................

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