Specialist fund manager Hedge Funds of Australia (HFA) has opened up its suite of investment funds to Australian institutional investors in an attempt to capitalise on the growing interest by superannuation funds in alternative investments.
The move follows the addition to HFA’s product line-up of three hedge fund-of-fund offerings in February, taking the manager’s total list of hedge fund offerings to four.
HFA managing director Spencer Young says the move into the institutional marketplace was a natural extension of the manager’s retail business, which has been growing at over $6 million a month, and was designed to tap into the growing acceptance of hedge funds by super funds.
“There is a growing realisation among investors around the globe that hedge funds are one of the few options available to them to generate double digit returns in the current and future investment climate,” Spencer says.
“This realisation is being driven by a number of factors which include economic uncertainties, the volatility of the market, flat cash rates and expectations that shares will rise more slowly in the short, medium and longer-term.”
