AUSTRALIA - The $A5.1bn Construction and Building Industry Super (Cbus) fund has made its first hedge fund allocation, awarding international hedge fund-of-fund manager Financial Risk Management a $45m mandate in February, while increasing its investments in alternatives and re-weighting its Australian equities portfolio in favour of active management.
The fund has also made its second foray into infrastructure, awarding a $50m mandate to the Development Australia Fund’s (DAF) Social Infrastructure fund for diversification and risk management, sa...
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