Institutional Investors

Media Super mulls HF tack


Media Super, the superannuation fund for media workers in Australia, may look to further its investments in hedge funds during the next year.

While no firm decision has yet been taken, the scheme is looking for ways to diversify its overall exposure, particularly in the light of relatively poor performance from its domestic equity market over the past financial year.

The scheme currently has one hedge fund holding, which it classes as ‘alpha opportunity’: an investment of $55 million in Aurora Fortitude, the Australia-based merger arbitrage operation headed up by John Corr, a former proprietary trader at Citi.