Category: Australian Hedge FundsBlackrock 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 [...]
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 [...]
Skandia Investment Group (SIG) UK has awarded investment mandates to two Sydney-based boutique fund managers. Five Oceans Asset Management has been selected to run SIG’s US$350 million global equity fund, while MIR Investment Management has been appointed a sub-advisor to SIG’s US$363 million Greater China Equity Fund. Five Oceans is a long-biased, high conviction global [...]
ASIC is seeking feedback on Consultation Paper 174 Hedge funds: Improving disclosure. The paper sets out the specific features and risks of hedge funds that should be addressed in a Product Disclosure Statement (PDS) for these products. Details at… “ASIC releases draft disclosure guidance for hedge funds”
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 [...]
The next Australian Hedge Fund Operations Forum will be held on 25th November. Guest speaker is Damien Hatfield from TripleA Partners Australia discussing “Hedge Fund Marketing – Art or Science?” For venue details and to register for the lunchtime event, please go to www.opsforum.com.au *** Ernst & Young’s 2011 Global Hedge Fund Symposium is to [...]
There are quite a few Hedge Fund events happening in Australia during the early months of 2012. The ASX is hosting an Institutional speaking tour by the United States Options Industry Council (OIC). Mr Phil Gocke, OIC Managing Director, will deliver a series of seminars for Institutional Investors in Melbourne and Sydney, showcasing recent OIC [...]
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 [...]
