Institutional Investors

Hedge fund allocations by Australian supers reach record high

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Hedge fund allocations by Australian superannuation funds reached a record high of A$29 billion ($28.7 billion) as of September 2010, representing a 37% growth over the previous year, according to a new report by Sydney-based research house Rainmaker Information.

Hedge funds were the fastest growing asset class in terms of super fund allocations during the 12 month period, followed by international property and Australian fixed interest, which were up 17% and 12% respectively.

A push to re-regulate traditional investment classes on a global basis may lead superannuation funds to be more open to hedge funds, according to Alex