HFA picks up Sunsuper mandate
Pioneer Australian-based hedge fund, HFA Asset Management has increased its institutional exposure picking up an additional $40 million mandate from Sunsuper.
The mandate, announced this week, increases HFA’s diversified investments portfolio and takes it to over $1.83 billion in assets under management.
Commenting on the new mandate, HFA’s senior investment manager, Peter Coates described it as a strengthening of the relationship with Sunsuper.
“We have received a great deal of interest in the HFA Diversified Investments Fund from institutional investors wishing to reduce their risk exposure to international equities and bond markets by diversifying away from their directional market exposure into a much more active absolute return focused fund,” Coates said.
He said HFA had now secured over $100 million in institutional mandates over the past three months, including a $60 million mandate from Vision Super.
AUTHOR
Mike Taylor
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