Club Super is the latest industry fund to consider alternatives in its strategic asset allocation, making way for the asset class in its growth investment option.
It said adding alternatives to the mix would allow greater diversification for members in that investment option, with private equity, hedge funds and infrastructure considered in place of shares, property, fixed interest and cash.
The alteration allows Club Super the flexibility to invest up to 15 per cent of the portfolio in alternatives.
Additionally, the fund has been authorised to offer its balanced options as a MySuper product, which it plans to launch in September.
Over 90 finalists have been chosen to compete at the 36th annual Fund Manager of the Year Awards.
The asset manager is bolstering its investments in the global energy transition and climate opportunities.
The ethical investment manager has reported record FUM as its growth trajectory continues apace.
The chief investment officers of UniSuper, HESTA, and TelstraSuper have elaborated on opportunities and risks that are top of mind when it comes to illiquid assets like private credit within their portfolios.
Add new comment