Hedge Fund Survey of Australian Superfunds
20 Pages Posted: 6 Jun 2008 Last revised: 24 Apr 2014
Date Written: April 10, 2011
In Australia, superannuation funds are a major source of capital for the development of the economy with assets exceeding $1 trillion.
Given the purported ability of hedge funds to enhance returns and reduce risk from combinations of traded securities and to produce returns that in many instances are lowly correlated with the existing superannuation fund asset classes, the lack of exposure by most superannuation funds raises the issue of why the exposure is low and what have been the major reasons for this?
This study is aimed at eliciting some of the reasons for the current situation, through establishing what the attitudes are of superannuation funds to hedge fund investments.
JEL Classification: G11, G23
Suggested Citation: Suggested Citation