Industry fund AustralianSuper has invested in multi-manager hedge fund the JANA Triplepoint Fund.
Industry fund AustralianSuper has invested in multi-manager hedge fund the JANA Triplepoint Fund.
"We are taking a bit of a defensive position on our fund. We have already moved some of our portfolio into cash," AustralianSuper chief investment officer Mark Delaney said.
Manager research for the Triplepoint Fund is conducted by Switzerland-based Partners Group.
AustralianSuper will also be looking to take on more co-investment opportunities similar to its infrastructure deal with United Kingdom utility company Thames Water.
"We will also increase our use of external managers," Delaney said.
To date, AustralianSuper uses Frontier Investment Consulting and JANA Investment Advisers as its two asset consultants and United States-based Hamilton Lane Advisors, which sources international private equity deals for the fund.
The fund will also be adding to its investment team and is currently looking for a senior manager for its property portfolio.
"As our property portfolio is getting larger, we need a manager that has deep portfolio skills," Delaney said.
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