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
The full contents of this article are available to active InvestHedge subscribers and trialists only.
TAKE A FREE TRIAL
To continue reading please, take a free trial, subscribe or log in to InvestHedge.
Subscribers have unlimited access to all current content, including fund performance Live League Tables. Start your subscription today - click on the button below.