HSBC Securities Services (HSS) Australia has hired Cara Brosnan as part of the sales team for fund services and custody. Cara will report to Rob Brown, Head of Client Management Group, Securities Services, Australia. She joined from HSS’ London-based client management group, where she was responsible for sales in the fund management and insurance sectors. *** The [...]
Zenith Investment Partners has released its equity market neutral report. Five hedge funds were selected to Zenith’s approved list. The five were funds offered by Aurora, Bennelong, BlackRock, Pengana, and Regal. Another twelve market neutral hedge funds were researched but were not rated by Zenith. *** UK pension funds nearly doubled their allocations to hedge [...]
The $73 billion Future Fund’s alternatives allocation fell to $14.45 billion as at 31 December 2011, from $15.8 billion three months earlier. However, alternatives still make up the largest asset class at 19.8 percent of total AuM. Compared to the September quarter, the biggest change was the rise in cash at the expense of debt [...]
The Australian government has announced it will implement the third and final element of an investment manager regime (IMR), which was a key recommendation of the Johnson Report. The implementation means income, gains or losses, which have an Australian source, from portfolio interests or financial arrangements of a foreign managed fund, will be excluded from [...]
Blue Sky Alternative Investments (ASX: BLA) has listed on the ASX after raising $6.47 million in an IPO. Shares closed on the first day at the $1 IPO price. The Brisbane based firm has $180 million AuM in a range of private equity, hedge, real estate and commodities (water) funds. The firm is capitalised at [...]
AMP Capital Investors and ipac will combine their manager research teams, according to InvestorDaily. The merged 13-strong team will support portfolio managers in the construction and management of diversified multi-manager funds for AMP, Axa, ipac and Tynan Mackenzie. The alternatives group within the team will be headed by Suzanne Tavill. ipac CIO Jeff Rogers will [...]
Investor sentiment fell below levels reached during the global financial crisis (GFC), according to CoreData’s fourth-quarter Investor Sentiment Report. The report showed a record low Investor Sentiment Index of -22.4, just below -22.3 reached in the first quarter of 2009. The index, established in 2005, gauges the confidence of 843 people nationwide across demographics, and [...]
Deutsche Bank and Financial Risk Management (FRM – $9 billion AuM) have partnered to launch the industry’s first hedge funds seeding managed account platform. The ‘dbalternatives Discovery’ platform will be based on Deutsche Bank’s dbalternatives managed account platform which was established in 2002 and currently has $12 billion under management. FRM’s hedge funds seeding division, [...]
The fifth annual survey of institutional hedge funds conducted by SEI and Greenwich Associates has found that: Nearly 38 percent of investors plan to increase their allocations to hedge funds over the next 12 months – down from 54 percent a year earlier. Hedge funds represented 16.7 percent of institutional portfolios in 2011, versus 12 [...]
Ascalon Capital Managers (Asia) has formed partnerships with two Asia-based hedge funds. The firm has taken a 30 percent equity stake in Singapore based Canning Park and a 35 percent stake in Hong Kong based Athos Capital. Canning Parkis a long-short equity manager that invests across 10 Asian markets including Australia and Japan. It deploys [...]
