Hauser noted Australian super funds are investing an "ever-increasing" amount overseas. It is encouraging therefore that many super funds are strengthening their capacity to think through and manage FX and other liquidity risks," he said. Hauser said there is also a growing challenge in protecting super funds' offshore investments in the face of a rising Australian dollar. "It is likely that super funds will have to extend and diversify their pool of hedge providers over time to avoid hitting concentration limits. "Many super funds are already thinking hard about what these changes could mean for their future liquidity management.