HFA Holdings’ wholly-owned US subsidiary, Lighthouse Investment Partners, has been awarded a $500 million asset management and advice mandate from a large US-based pension plan. ASX-listed HFA has $5.3 billion in AUM and has a strategic partnership with the US-based $70 billion fund manager Apollo Global Management. Lighthouse said that due to the increasing allocations [...]
RF Capital (for Robert Family Capital) has invested in financial assets including listed equities, hedge funds and private equity, according to the family office’s head, Andrew Roberts, speaking to The Australian. The Roberts family is worth $1.35 billion, according to the BRW Rich List. Most of the wealth was established by the late John Roberts, [...]
The next Australian Hedge Fund Operations Forum event will be on; 9th August 2011 – manager only forum, Sydney 15th September – industry education forum with Kim Ivey, President of AIMA Australia as the lunch time guest speaker. In terms of an ‘Australian hedge funds week’, the following events are taking place. Tuesday 13th September [...]
Nelson Lam, Head of Investments, Ascalon Capital Managers, discussed incubation issues at a recent Australian Hedge fund Operations Forum. Key points; Creating an alignment of interest between the provider of seed capital and the hedge fund manager is critical. Geoffrey Moore’s ‘Chasm Thinking’ (in selling high-tech products) can be applied to funds management. The chasm [...]
Towers Watson, in conjunction with the Financial Times, has released its Global Alternatives Survey. Key findings: Alternative assets managed on behalf of pension funds by the world’s largest managers grew 16 per cent in 2010 to US$952 billion. Alternatives now account for 19 per cent of all pension fund assets globally, up from 5 per cent [...]
Citi Prime Finance has released its survey, “Global Pensions and Sovereign Wealth Funds Investment in Hedge Funds: The Growth and Impact of Direct Investing.” Key findings; ‘Smaller’ hedge funds managing between $1 billion and $5 billion experienced the largest net growth in 2010 – a development that is contrary to conventional wisdom that capital is [...]
I love my music and for a few years I was downloading albums from the iTunes store. In the early days the bit rate was 128 kbps and the Apple file type was called AAC or Advanced Audio Coding. One thing I particularly loved was that you could get some obscure albums on the iTunes [...]
Treasury Group has appointed Andrew McGill as CEO. He was previously at Crescent Capital Partners, a $750 million private equity firm that he co-founded. Treasury Group chairman Mike Fitzpatrick told InvestorDaily that ‘we have been keen to diversify into alternatives… we are interested in opportunities in the hedge fund space.’ ASX-listed Treasury Group has [...]
Just when I start getting depressed about the Australian hedge fund landscape, a turn of events picked me up again. I started doing some work with Kapstream last year. They are a $4 billion Australian based Fixed Income and Credit manager. They are 25% owned by Challenger, an Australian Listed Fund Manager with approximately $25 [...]
