❓ A WA parliamentary question on notice regarding the Insurance Commission of Western Australia's investment in hedge funds, specifically seeking details on investment returns and further investments. The Minister provides specific return figures for three named funds and confirms no further investments were made.
AnsweredQoN 815Legislative Council
QuestionView source ↗
INSURANCE COMMISSION OF WESTERN AUSTRALIA - HEDGE FUNDS
The Minister for Government Enterprises is Hon Ljiljanna Ravlich, in case she has forgotten. I refer to the Insurance Commission of Western Australia’s investment last year in hedge funds. (1) What are the investment returns for 2006-07 generated by each of the three funds in which money was invested in 2005-06? (2) Has the Insurance Commission invested more money with those three funds or with other hedge funds? (3) If so, will the minister provide details as to what funds, how much was invested in each, and the returns generated in 2006-07? Hon LJILJANNA RAVLICH
The Minister for Government Enterprises is Hon Ljiljanna Ravlich, in case she has forgotten. I refer to the Insurance Commission of Western Australia’s investment last year in hedge funds. (1) What are the investment returns for 2006-07 generated by each of the three funds in which money was invested in 2005-06? (2) Has the Insurance Commission invested more money with those three funds or with other hedge funds? (3) If so, will the minister provide details as to what funds, how much was invested in each, and the returns generated in 2006-07? Hon LJILJANNA RAVLICH
AnswerView source ↗
I thank the honourable member for some notice of this question. (1) The investment return was 9.65 per cent for GMO Multi-Strategy Fund; 16.51 per cent for IXIS Aurora II Australia Fund; and 16.87 per cent for Warakirri. (2) No. (3) Not applicable.
I refer to the Insurance Commission of Western Australia’s investment last year in hedge funds. (1) What are the investment returns for 2006-07 generated by each of the three funds in which money was invested in 2005-06? (2) Has the Insurance Commission invested more money with those three funds or with other hedge funds? (3) If so, will the minister provide details as to what funds, how much was invested in each, and the returns generated in 2006-07? Hon LJILJANNA RAVLICH replied: I thank the honourable member for some notice of this question. (1) The investment return was 9.65 per cent for GMO Multi-Strategy Fund; 16.51 per cent for IXIS Aurora II Australia Fund; and 16.87 per cent for Warakirri. (2) No. (3) Not applicable.
(1) What are the investment returns for 2006-07 generated by each of the three funds in which money was invested in 2005-06? (2) Has the Insurance Commission invested more money with those three funds or with other hedge funds? (3) If so, will the minister provide details as to what funds, how much was invested in each, and the returns generated in 2006-07? Hon LJILJANNA RAVLICH replied: I thank the honourable member for some notice of this question. (1) The investment return was 9.65 per cent for GMO Multi-Strategy Fund; 16.51 per cent for IXIS Aurora II Australia Fund; and 16.87 per cent for Warakirri. (2) No. (3) Not applicable.
(2) Has the Insurance Commission invested more money with those three funds or with other hedge funds? (3) If so, will the minister provide details as to what funds, how much was invested in each, and the returns generated in 2006-07? Hon LJILJANNA RAVLICH replied: I thank the honourable member for some notice of this question. (1) The investment return was 9.65 per cent for GMO Multi-Strategy Fund; 16.51 per cent for IXIS Aurora II Australia Fund; and 16.87 per cent for Warakirri. (2) No. (3) Not applicable.
(3) If so, will the minister provide details as to what funds, how much was invested in each, and the returns generated in 2006-07? Hon LJILJANNA RAVLICH replied: I thank the honourable member for some notice of this question. (1) The investment return was 9.65 per cent for GMO Multi-Strategy Fund; 16.51 per cent for IXIS Aurora II Australia Fund; and 16.87 per cent for Warakirri. (2) No. (3) Not applicable.
Hon LJILJANNA RAVLICH replied: I thank the honourable member for some notice of this question. (1) The investment return was 9.65 per cent for GMO Multi-Strategy Fund; 16.51 per cent for IXIS Aurora II Australia Fund; and 16.87 per cent for Warakirri. (2) No. (3) Not applicable.
I thank the honourable member for some notice of this question. (1) The investment return was 9.65 per cent for GMO Multi-Strategy Fund; 16.51 per cent for IXIS Aurora II Australia Fund; and 16.87 per cent for Warakirri. (2) No. (3) Not applicable.
(1) The investment return was 9.65 per cent for GMO Multi-Strategy Fund; 16.51 per cent for IXIS Aurora II Australia Fund; and 16.87 per cent for Warakirri. (2) No. (3) Not applicable.
(2) No. (3) Not applicable.
(3) Not applicable.
I refer to the Insurance Commission of Western Australia’s investment last year in hedge funds. (1) What are the investment returns for 2006-07 generated by each of the three funds in which money was invested in 2005-06? (2) Has the Insurance Commission invested more money with those three funds or with other hedge funds? (3) If so, will the minister provide details as to what funds, how much was invested in each, and the returns generated in 2006-07? Hon LJILJANNA RAVLICH replied: I thank the honourable member for some notice of this question. (1) The investment return was 9.65 per cent for GMO Multi-Strategy Fund; 16.51 per cent for IXIS Aurora II Australia Fund; and 16.87 per cent for Warakirri. (2) No. (3) Not applicable.
(1) What are the investment returns for 2006-07 generated by each of the three funds in which money was invested in 2005-06? (2) Has the Insurance Commission invested more money with those three funds or with other hedge funds? (3) If so, will the minister provide details as to what funds, how much was invested in each, and the returns generated in 2006-07? Hon LJILJANNA RAVLICH replied: I thank the honourable member for some notice of this question. (1) The investment return was 9.65 per cent for GMO Multi-Strategy Fund; 16.51 per cent for IXIS Aurora II Australia Fund; and 16.87 per cent for Warakirri. (2) No. (3) Not applicable.
(2) Has the Insurance Commission invested more money with those three funds or with other hedge funds? (3) If so, will the minister provide details as to what funds, how much was invested in each, and the returns generated in 2006-07? Hon LJILJANNA RAVLICH replied: I thank the honourable member for some notice of this question. (1) The investment return was 9.65 per cent for GMO Multi-Strategy Fund; 16.51 per cent for IXIS Aurora II Australia Fund; and 16.87 per cent for Warakirri. (2) No. (3) Not applicable.
(3) If so, will the minister provide details as to what funds, how much was invested in each, and the returns generated in 2006-07? Hon LJILJANNA RAVLICH replied: I thank the honourable member for some notice of this question. (1) The investment return was 9.65 per cent for GMO Multi-Strategy Fund; 16.51 per cent for IXIS Aurora II Australia Fund; and 16.87 per cent for Warakirri. (2) No. (3) Not applicable.
Hon LJILJANNA RAVLICH replied: I thank the honourable member for some notice of this question. (1) The investment return was 9.65 per cent for GMO Multi-Strategy Fund; 16.51 per cent for IXIS Aurora II Australia Fund; and 16.87 per cent for Warakirri. (2) No. (3) Not applicable.
I thank the honourable member for some notice of this question. (1) The investment return was 9.65 per cent for GMO Multi-Strategy Fund; 16.51 per cent for IXIS Aurora II Australia Fund; and 16.87 per cent for Warakirri. (2) No. (3) Not applicable.
(1) The investment return was 9.65 per cent for GMO Multi-Strategy Fund; 16.51 per cent for IXIS Aurora II Australia Fund; and 16.87 per cent for Warakirri. (2) No. (3) Not applicable.
(2) No. (3) Not applicable.
(3) Not applicable.
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