Hedge Funds Win Big Endorsement From $149 Billion Australia Fund
- Future Fund has much of $149 billion portfolio in alternatives
- Identifies equity market-neutral, systematic macro strategies
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Australia’s sovereign wealth fund has called time on using government bonds to diversify equity exposure and instead favors hedge funds to balance risk in its A$223 billion ($149 billion) portfolio.
The Future Fund will look to equity market-neutral and systematic macro strategies offered by hedge funds after declaring “the era of using government bonds to diversify equity-related risk is over,” in a position paper released Friday.