S&P Fund Services has released its ʻAlternatives – Futuresʼ sector review, which includes Commodity Futures, CTAs, and Global Macro funds. The review analysed 14 headline products, with three ‘NEW’ ratings on offerings from BNY Mellon, Man AHL, and Taurus. The BlackRock Asset Allocation Alpha Fund and Winton Global Alpha Fund were both rated five stars. S&P says it is witnessing increased [...]
ASIC has released a consultation paper proposing research report providers, including research houses, separate their business units as a strategy to manage conflicts of interest. The proposed segregation would involve strict physical and electronic separation between ancillary business units such as consulting and funds management services and the research business. A key conflict of interest issue for research report providers is whether providers [...]
The US$228 billion California Public Employeesʼ Retirement System is likely to increase or maintain hedge fund investments next year, according to the fundʼs CIO Joseph Dear in an interview withBloomberg in Hong Kong. Calpers currently has around $5.2 billion in hedge funds, equivalent to 2 percent of its total AUM. 60 percent of its hedge fund investments are made directly by [...]
The $1.2 billion Prime Super aims to increase its investments in alternatives from 30 percent to 37.5 percent. Alternatives include property, infrastructure, private equity and credit instruments managed by Access Capital Advisers, according to Lachlan Baird, the fundʼs chief executive speaking to I&T News. *** HFA Holdings expects its EBITDA to fall to around US$3-4 million in the six months to 31 [...]
Aberdeen Asset Managementʼs fund of hedge funds (FoHF) business is planning to become more active in Asia. Andrew McCaffery, the firmʼs global head of hedge funds, told AsianInvestor that; • Next year, the firm plans to appoint dedicated FoHF staff in Asia to meet hedge fund managers and gather market information • Aberdeen intends to grow its FoHF investor-base in Asia, which [...]
The University of Sydneyʼs $800 million endowment fund could increase its allocation toalternatives, according to I&T News citing Gregory Fernance, director of the investment and capital management office at the university. The endowment currently has about 80 per cent to 85 per cent allocated to traditional asset classes and 20 to 25 percent to alternatives. “It (alternatives) could be higher,” [...]
The $28 billion Melbourne based UniSuper has hired Mark Himpoo to develop an in-house investment strategy, according to I&T News. Himpoo was previously head of fundamental Australian equities at BlackRock. He will report to John Pearce, UniSuperʼs CIO, who leads a 30-strong investment team that manages $6 billion inhouse. *** Macquarie Private Wealth has appointed MarkChartres to its Melbourne office as [...]
Preqin has released a research report based on interviews with 70 leading investment consultants in private equity, private real estate, infrastructure and hedge funds. Highlights… • Hedge fund investment consultants feel that the more established markets in the regions of North America (77 percent) and Europe (60 percent) will present the best investment opportunities in the asset class over the next 12 months. [...]
van Eyk Researchʼs latest annual strategic asset allocation (SAA) review features a 20 percent allocation to alternatives and hedge funds – making it the second largest asset class in its model portfolio. The SAA model includes… Australian Equities – 28% Alternatives – 20% Fixed Interest – 18% Global Equities – 17% Listed Property And Infrastructure [...]
Preqin has released its report on the ʻInstitutional Investor Outlook for Hedge Fundsʼ in 2012. Key findings… • Satisfaction with hedge fund performance fell in 2011, with 40 percent of investors interviewed experiencing returns that did not meet their expectations. (28 percent in 2010 and 27 percent in 2009). • However, 53 percent intend to keep [...]
