Melbourne-based pension fund Media Super – an industry fund for print, media, entertainment and arts professionals in Australia – has made its first investment in hedge funds.
The $2.5 billion plan recently made a roughly $30 million investment into Aurora Fortitude Absolute Return Fund. The plan sees this as an opportunity to draw returns from equity markets but without the volatility created by sudden market moves. While there are no plans to immediately invest further in alternatives, the plan does not rule out going down that route in the future.
For the last financial year Media Super’s balanced fund option