MLC expects to increase allocations to alternative assets in its Horizon fund series, according to MLC’s investment manager Michael Karagianis speaking to Investor Daily. MLC senior investment specialist Andrew Connors told Investor Daily the current exposure to alternatives in MLC’s flagship Horizon 4 fund ($13.5 billion AUM) stood at 6 percent. The firm is conducting due [...]
S&P Fund Services, Lonsec, and van Eyk have all taken positive views on alternatives. S&P’s Alternative Equities Sector Review noted that ‘alternative equity strategies are proving they have a place in a diversified portfolio, as absolute return, alternative income, and market-neutral strategies continue to outperform relative long-only strategies in uncertain and volatile markets.’ It also [...]
Draft legislation on two tax concessions should (if enacted) result in foreign investors being more willing to allocate to Australian hedge fund managers, according to Peter Bourke, a Tax Director at Deloitte. The first proposed measure, called the Investment Manager Regime (IMR) ‘conduit income measure,’ will effectively exempt offshore investors in Australian managed, foreign domiciled [...]
The Australian Hedge Fund Operations Forum is organising a manager-only forum in Sydney on Monday 17th October. It will also host an education forum (for managers, institutional investors and service providers) on Monday 28th November. *** nabInvest has taken a non-controlling interest in Redpoint Investment Management, a quantitative-based equities investment management firm based in Sydney. [...]
AsiaHedge’s latest hedge fund industry review notes; Asian hedge fund assets fell 5 percent in the first half to $145 billion, but is up 5 percent from a year ago. $109 billion was managed from within Asia, while $39 billion was managed from outside the region but into Asian markets. The Asia ex-Japan equity hedge [...]
Bloomberg recently profiled three family offices in Singapore. Clinton Ang, managing director of wine and spirits distributor Hock Tong Bee Private, told Bloomberg that 90 percent of the S$100 million Ang family’s investable assets are currently in cash. 38-year old Ang describes himself as a follower of Templeton Asset Management’s Mark Mobius. William Chan, CEO [...]
BNP Paribas’ fund of hedge funds unit, THEAM, plans to quadruple its allocation to Asia-focused hedge funds to 200 million euros ($268 million) over the next year, according to Reuters. Paris-based Eric Debonne, THEAM’s head of alternative multi-management, told Reuters the main focus would be finding liquid Asia credit and equity long/short strategies. THEAM manages [...]
Greg Medcraft, Chairman, Australian Securities and Investments Commission, was the keynote speaker at AIMA Australia’s 2011 hedge funds conference. Key messages were: ASIC recognises that while hedge fund investors have concerns, managers also have concerns. If Australia’s financial system is to enjoy the many benefits hedge funds bring in terms of price discovery, liquidity, innovation [...]
US-based media and research consultancy Infovest21 has released its family office survey. Highlights… On average, family offices allocated 26 percent of their portfolio to hedge funds. Allocations to funds of funds were quite small at one percent Family offices allocated to 23 hedge fund managers on average. About 16 percent said hedge funds’ main function [...]
Andrew Roberts’ Family Group (ARM) will acquire a 15 percent equity stake in Signature Capital Investments (SGI) via a private placement. In return, SGI, an ASX-listed fund of hedge fund, will acquire a portfolio of international hedge fund investments of an equivalent value from ARM. The family office will also provide investment services (in relation [...]
