BNP Paribas Investment Partners will close down its two-year-old Australian fixed income asset management business, according to InvestorDaily. However, the firm will continue operating its other funds businesses in Australia. BNP Paribas IP’s fixed income fund had $37 million AUM, according to InvestorDaily citing data from Morningstar. *** GMO Australia has closed its GMO Australian [...]
Fortress Investment Group ($43.7 billion AUM) has appointed Julia Koop as Director of Capital Formation, Fortress Australia. Based in Sydney, she will have responsibility for business development and investor relations in Australia and New Zealand. She reports to Fortress Senior Managing Director and Head of Capital Formation, Stuart Bohart, and was most recently Vice President [...]
Preqin’s monthly ‘Hedge Fund Spotlight’ has studied investments in hedge funds by Sovereign Wealth Funds (SWFs) Highlights. 38% of SWFSs are known to be investing in hedge funds and a further 2% are considering making allocations to the asset class. Many SWFs are newcomers to the asset class; however they have become relatively comfortable with [...]
Blackrock Investment Management Australia is promoting two new equity long/short funds to retail investors. The BlackRock Australian Equity Opportunities Fund invests in the $154 million BlackRock Equitised Long Short Fund which was established in 2001 for institutional investors. Fees for the retail product, which has so far raised around $5 million, is 0.3/30 The firm’s [...]
Towers Watson has released a global report, ‘Hedge fund investing – opportunities and challengers.’ The 41-page report (useful for investors considering hedge fund investments) covers trends in managed accounts, UCITS hedge funds & fees; and strategies including event-driven; managed futures; active currency; alternatives beta; reinsurance, emerging market currency and volatility. Highlights; Only around one-third of [...]
Challenger has established Fidante Partners as its new boutique funds alliance & support business. Fidante will take over the management of Challenger alliances with 10 boutique fund managers that in total have $17.8 billion AUM. The 10 managers are Alphinity, Ardea, Bentham, Five Oceans, Greencape, Kapstream, Kinetic, Merlon, Novaport and WaveStone. In addition, Fidante will [...]
The $77 billion Future Fund’s alternatives Iincluding hedge funds) allocation remained steady at around $14.48 billion as at 31 March 2012. As a percentage of the fund, alternatives fell to 18.8 percent, from 19.8 percent 3 months ago and 21.6 percent in Sep 2011. However, it is still the largest asset class within the SWF’s [...]
KPMG and AIMA have jointly released a global report entitled ‘The value of the hedge fund industry to investors, markets, and the broader economy.’ The 27-page report provides useful comparative statistics on hedge fund performance, volatility and correlations since 1994. Highlights. Hedge funds… Have significantly outperformed equities, bonds and commodities on a risk adjusted basis [...]
The TripleA /Basis Point inaugural Hedge & Boutique Fund Industry Directory is now nearing production. Fund managers and industry service providers wanting their details in the 36+ page directory (1/8th page per manager at no cost / nominal cost to service providers), should email dchin “at” basispoint.com.au. Limited sponsorship opportunities are available on a first-come [...]
After incubating the Global Gaming Opportunities Fund for two years, Sydney-based Cheung Capital Management (CCM) is opening its flagship fund to outside investors. The market neutral hedge fund has returned 13.8% per annum since inception via an international mandate to invest in listed gaming and gaming related companies. Timothy Cheung, CCM’s founder, said ‘The fund [...]
