IFA Magazine has a cover story on hedge funds in its August issue. The ‘Hedge Funds: Nothing to forgive’ article told its readership (predominantly financial planners) that; Poor hedge funds performance in 2008 reflected a liquidity trap and ensuing consequences on leveraged strategies, and not, (according to managers interviewed), on the decisions necessarily of the [...]
The $2.6 billion industry fund Media Super has awarded a $30 million mandate to Aurora Funds Management’s Aurora Fortitude Absolute Return Strategy, according to InvestorDaily. The superfund has also appointed Merlon Capital Partners to run an Australian equities “low-beta” strategy, according to I&T News. Media Super last year began investigating local hedge funds with a [...]
All the details of the winners and finalists in the Australian Hedge Funds Awards 2011… Australian Hedge Funds Awards 2011 – Winners And Finalists Some of the highlights… Best Emerging Manager – Evergreen Australian Equities Return Fund Best Long Short & Absolute Return Fund – Optimal Australia Absolute Trust Best Market Neutral Fund – Regal [...]
Magellan Asset Management has selected Chicago-based Frontier Partners to distribute its global equity and global infrastructure capabilities to institutional clients in the US and Canada. Magellan AM is the sole subsidiary of ASX-listed boutique fund manager Magellan Financial Group. The firm has $2.6 billion under management, comprising $1.1 billion in retail funds and $1.5 billion [...]
Caledonia has launched a global resources long/short equity hedge fund, The Caledonia Resources Fund. Launched on 1 August, the fund raised US$20 million in AUM from Caledonia’s existing clients and principals. The Cayman structured fund, with an Australian unit trust feeder, has fees of 1.5/15 with high-water mark. Deutsche Bank is prime broker and Citco [...]
Asian Investor magazine has interviewed six private banks on how they select fund managers. Highlights; Mussie Kidane, VP and head of fund selection at Pictet Wealth Management, Geneva. (Has an approved list of about 49 funds globally. Sees managers/funds in line with the asset allocation decisions of Pictet’s investment committee.) Volker Köster, head of global [...]
Standard & Poor’s Fund Services, in association with Professional Planner magazine, has announced the finalists for the 2011 S&P Fund Awards. Finalists in the hedge funds and alternatives sectors are; Alternative Equity Strategies Ascalon / Regal Asset Management Colonial First State Investments K2 Asset Management Ltd. Platinum Asset Management Alternative Diversified Strategies AQR Capital Management [...]
Still a dog, but now with fleas. I have joined an Apple Discussion Forum called “I bailed on Lion”. (see my criticisms of Apple’s OS X Lion in last month’s Australian Hedge). There seems to be an increasing group of early adopters such as myself who are rolling back to OS X Snow Leopard. Since [...]
Austrade, the Australian Government’s export promotions agency, has published a 20 page report on the Australian hedge funds industry. See http://www.austrade.gov.au/Publication/default.aspx (scroll down to 17/08/11 report) Written by David Chin, Managing Director of BasisPoint, the report’s highlights include; The US$33 billion in assets managed by Australian hedge fund managers is marginally smaller than Hong Kong’s [...]
Australia’s $75 billion Future Fund has released its preliminary performance report as at 30 June 2011. Highlights: Its allocation to alternative assets climbed to $13.8 billion (18.6 percent of total assets) compared to $11.9 billion (16.3 percent) as at 31 March 2011. This flow of $1.9 billion into alternatives was the largest amongst all asset [...]
