Category: Hedge Funds ManagersChallenger 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 [...]
Lodestar Capital Partners have decided to close down, despite being backed by nabInvest. The long-only active manager was founded in 2005 and has returned 4.44 percent pa since inception, compared to 4.58 percent for the S&P/ASX200 Accumulation index. nabInvest took a 33 percent stake in September 2009. ***** Mason Stevens and 2020 Funds Management have [...]
US-based Southeastern Asset Management has established a Sydney office headed by Doug Burton (ex-AXA Rosenberg). The investment firm has $1.4 billion from three Australian/NZ institutional investors, (one being the Future Fund) in its long-only global equities strategy. ***** Canada’s $45 billion AGF Management has opened a Sydney sales office according to I&T News. It is [...]
Gerard Satur, UBS’s head of macro strategic trading in Sydney, is establishing a hedge fund, according to Bloomberg. His Sydney-based firm, MST Capital, will reportedly include UBS executives Jeremy Hooper (ex Morgan Stanley proprietary trader) and Matthew Mulcahy, (ex-PIMCO). In addition, Mark Levinson, (ex Goldman Sachs Australia managing director) will head investor relations. The UBS [...]
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 [...]
Caledonia Investments is introducing short-selling within its investment strategies for the first time in its 20-year history, according to the Australian Financial Review citing the firm’s letter to its investors. The move ‘partly reflects the ongoing impact of disruptive technologies on companies and industries, but more importantly, the fundamental change in the economic backdrop,’ according [...]
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 [...]
The Australian has written a profile on Mathews Capital. Highlights… The Sydney firm has 10 full-time staff, more than $1.5 billion AUM, and a pool of investors that includes HNWIs, private companies, trusts, superannuation funds, selected institutional clients and employees own capital The firm’s Velocity Fund has returned 463 percent from inception in July 2006 [...]
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. [...]
Magellan Asset Management has selected Chicago-based Frontier Partners to distribute its global equity and global infrastructure capabilities to institutional clients in the US and Canada. Magellan AM is the sole subsidiary of ASX-listed boutique fund manager Magellan Financial Group. The firm has $2.6 billion under management, comprising $1.1 billion in retail funds and $1.5 billion [...]
