State Street has released its latest VisionFocus ‘Hedge Funds: Rebuilding on a New Foundation’ report. Highlights; The expansion of hedge fund industry assets ‘represents the endorsement by institutional investors of a more transparent and rational hedge fund industry.’ ‘Hedge funds have evolved beyond their traditional markets among high-net-worth investors, foundations, endowments and the largest pension [...]
Bennelong Funds Management is establishing a new Australian equity long/short absolute return boutique fund with Mark Burgess and Kristiaan Rehder. The pair will join the firm on 1 Sept. They were previously running the Herschel Absolute Return fund for Herschel Asset Management. *** Melbourne-based Imperia Investment Group attracted inflows of $50 million earlier in July, [...]
European and UK fund managers at the 2011 Fund Forum International in Monaco have expressed interest in entering the Australian retail market, according to InvestorDaily citing feedback from an Australian delegation to the event. An Australian panel presented to around 100 delegates at the forum. Questions were reportedly asked on how the Australian retail market [...]
MilitarySuper is reportedly in a legal stoush with Melbourne-based hedge fund manager Agora Asset Management over a $7.88 million exit fee. The superfund has more than $152 million invested in the Agora Absolute Return Fund II and sought to redeem the investment in May 2011 after it had become “dissatisfied” with the fund’s performance, according to [...]
Certitude Global Investments has appointed Gary Burke to the newly-created position of Head of Investments. Burke was most recently the Head of Mercer’s investment management business in Australia and NZ. Certitude is part of ASX-listed HFA Holdings, a fund of hedge funds firm. Its investment partners are Threadneedle Asset Management, Marshall Wace GaveKal, and Lighthouse [...]
I am normally an eager upgrader sometimes to my detriment. So when Mac OS Lion was released I eagerly upgraded. In all my years of eagerly awaiting a new OS, this is the first time that I am very unhappy. I strongly recommend that readers do not upgrade and stick with Snow Leopard! There has [...]
HSBC Global Investments has commenced marketing its HSBC Alternative Investments Limited (HAIL) to Australian institutional clients. Marketing is being undertaken by Christopher Smith, HAIL’s Regional Product Head, and Chris Comino, Associate Director, Client & Consultant Relationships for HSBC Global Investments in Australia. HAIL is a US$28 billion hedge fund advisory business within the global HSBC [...]
SAIL Advisors (HK) and Parker Global Strategies have both announced plans to launch further fund of hedge funds vehicles this year, according to the latest Preqin global hedge fund spotlight edition. Other key findings; Princeton Futures, Casteel Capital, Clariden Leu (€500 million) and Blue Rock Advisors (US$970 million) are adding funds to their existing fund [...]
With the Dow Jones up 400 down 500, up down, and the Australian market continuing it’s overpriced A$ related decline, what do Superannuates do? Year to date Australian Equities are -13%. The US S&P is -18%. The FTSE is -20% The average Superannuation Fund allocation to Australian Equities is 30%. To International Equities it is [...]
