Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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Australia's State Super Financial Services Seeks Hedge Fund Investment

Sep 16, 2013
Jing Chen

Australia’s financial planning firm State Super Financial Services looks to invest up to $200 million in hedge funds over the next six months as part of its new alternatives program.

According to an Investment Operations & Custody (IO&C) article, the program was introduced as a way to reduce the organization’s vulnerability to equity draw-downs. The firm is looking to invest in strategies with “low-to-negative correlation.”

With about $111.7 billion in assets under advisement and management, SSFS is the financial advisory unit of State Super (SAS Trustee Corp).

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