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Timber investment by QIC

Australian institutional investor QIC’s Alternative Beta Fund has invested in US timberland specialist Molpus Woodlands Group according to a report in The Australian.

QIC said Molpus had purchased about 17,000ha of timberland on behalf of the fund.

“Timberland is an important asset class for QIC, as we like the low volatility, low correlations to equities and built-in inflation hedging characteristics that these investments provide,” said James Dick, QIC head of alternative investments.

“Timber has added significant value to our client portfolios in the past and we believe that it will continue to do so in the future.”

The QIC Alternative Beta Fund has $225 million in commitments, flagged for investment in non-traditional assets such as infrastructure, timber, commodities and insurance-linked securities.