To maximize the risk adjusted rates of return for the FGF through investing in different Alternative Investment Assets, such as Private Equity, Real Estate and Hedge Funds globally within the agreed Strategic Asset Allocation.
The Sector is responsible for investing in Alternative Investment Asset Classes plus monitoring and reporting on existing investments.
Return objectives for different Alternative Investment classes are:
- Private Equity:
To achieve an annual rate of return in excess of 500 BPS over 10 year rolling S&P 1200 Global Index.
- Real Estate:
To achieve an excess return of 125 BPS against UBS Global Real Estate Index.
- Hedge Fund:
To achieve an excess return of 100 BPS against the HFRT1 Fund of Funds composite Index.