Hostplus aims to add to hedge fund-like investments

Hostplus is seeking to grow investments in hedge fund strategies from 6% to 8% of its total assets under management (AUM), as well as raise investments in property, infrastructure, and private equity, as it seeks to improve its portfolio diversification, according to deputy chief investment officer Greg Clerk.  The board of the Australian superannuation fund asked last year for it to increase what it internally calls its ‘alternatives’ position. This consists of systematic global …