Fund incubator Pinnacle Investment Management has appointed Steve Gamerov as director of product and strategy. He was previously at MIR Investment Management. Pinnacle’s suite of eight boutique fund managers has more than $9 billion in AUM, according to the firm’s website. *** Ascalon Capital Managers has appointed Chuak Chan to develop its Asian business. He [...]
I had intended to introduce the new Nike GPS Watch and alternatives but Apple crept up on me with their iCloud announcement. At the recent Apple World Wide Developers Conference (WWDC), Apple made a series of announcements. Actually Steve Jobs made the announcements assisted by his team. So, last week the announcements included the [...]
Richmond Investment Management has been established by Warren Couillault in partnership with New Zealand’s Spencer Family Group, (SFG) according to BusinessDesk (NZ). Richmond IM will initially offer two fund of hedge funds and will tap into SFG’s experience in investing in hedge funds over the past 18 years. This includes an internal team that assesses [...]
Apex Fund Services has acquired Sydney based Lazorne Fund Administration Services from Lazorne Group Pty Ltd. The purchase gives Apex, a global administrator, immediate entry into the Australian market. Lazorne Group was established by former futures industry executives Deborah Horne and Larry Simon. Anthony D’Silva, managing director of Apex China, will have responsibility for Australia. [...]
Ibbotson Associates Australia has launched the Ibbotson Diversified Alternatives Trust. The product has been seeded by the firm and will allocate to a range of alternatives including hedge fund beta, a multi-manager hedge fund, insurance linked securities, equity market volatility, commodities, listed private equity and global listed infrastructure. Underlying managers include Alternative Beta Partners, PIMCO [...]
Colonial First State Global Asset Management (CFS-GAM) has announced it is expanding its investment solutions business in Australia and Asia, with plans to enter the European and UK markets over the longer term. The firm has appointed three Singapore-based senior investment professionals in its multi-asset team. It has also merged the ASB Group Investments’ (ASBGI) [...]
Last year, I was introduced to a fund that invested solely in secondary market shares of Facebook. This is a pretty intriguing investment. I tried to get involved in the transaction to be able to offer exposure to Australian investors. In the past, I noticed that the large VC cap raisings bypass Australia altogether because [...]
Colonial First State (CFS) has awarded $300 million to three offshore managers to kick start a new ‘alternatives manager allocation’ within its FirstChoice multi-sector funds platform. $85 million was given to California-based manager First Quadrant, $105 million to New York’s Neuberger Berman and $110 million to London-based Aspect Capital. FirstChoice Growth now has an allocation [...]
Advance Asset Management is establishing the ‘Advance Alternative Strategies Multi-Blend’ as a fund of hedge fund product. Advance will allocate around $400 million from its existing multi-sector funds into the new alternatives product, according to InvestorDaily. New York-based Ramius Alternative Solutions will provide advice on manager selection, due diligence and portfolio construction. The new fund [...]
The $73 billion Future Fund has allocated $11,868 million or around 16.3% of its assets to hedge funds and alternatives, according to its March quarterly update. Alternatives are defined by the fund as “skill based absolute return strategies and other risk premia providing diversity of return streams”. 17 offshore managers in the alternatives sector have [...]
