Sunsuper’s commitment to hedge funds has hit $1.26bn
Thu Nov 3, 2011
Since joining the Australian superannuation fund in 2007, Bruce Tomlinson has been steadily building up its hedge fund allocation – now with advice from Aksia
By Claire Makin
Bruce Tomlinson began developing Sunsuper’s hedge
fund programme four years ago when the global financial crisis
was gaining strength just over the horizon. His brief was
– and still is – to seek out new sources of
return for the $18 billion Australian superannuation fund.
Hedge funds are an important diversifier for Sunsuper.
Overall, the superfund has a 25% allocation to alternative
assets, including 7% to hedge funds, which is a hefty
commitment by the standards of most pension funds elsewhere in
the world. Sun¬super’s hedge fund weighting is
close to double that of its peer group, according to Tomlinson,
who is the portfolio manager in charge of hedge funds and
Australian equities at Sunsuper.
It is a bet that has worked out well.
Sunsuper’s hedge fund investments, which now
amount to $1.26 billion, up from less than $200 million in
2007, have been...
ISSN: 2151-1845 / CDC10004H
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