Category: Hedge Funds NewsThe $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 [...]
ING Investment Management has closed its ING Alpha Plus Australian Share Fund and ING Extended Alpha Australian Share Fund, and will return monies to investors. The development follows the formal takeover by UBS Global Asset Management of ING IM on October 4, 2011. The combined business has around $48 billion AUM. *** US based Enhanced [...]
BNP Paribas’ fund of hedge funds unit, THEAM, plans to quadruple its allocation to Asia-focused hedge funds to 200 million euros ($268 million) over the next year, according to Reuters. Paris-based Eric Debonne, THEAM’s head of alternative multi-management, told Reuters the main focus would be finding liquid Asia credit and equity long/short strategies. THEAM manages [...]
Andrew Roberts’ Family Group (ARM) will acquire a 15 percent equity stake in Signature Capital Investments (SGI) via a private placement. In return, SGI, an ASX-listed fund of hedge fund, will acquire a portfolio of international hedge fund investments of an equivalent value from ARM. The family office will also provide investment services (in relation [...]
The Sydney-based hedge fund Global Trading Strategies has closed the doors and returned funds to investors. I was asked to comment for this article from Bloomberg News… “Ex-Goldman Traders’ Hedge Fund Shuts in Sydney as Macro Strategy Falters” High volatility of the sort we’ve seen in many markets lately doesn’t seem to suit certain types [...]
The $2.6 billion industry fund Media Super has awarded a $30 million mandate to Aurora Funds Management’s Aurora Fortitude Absolute Return Strategy, according to InvestorDaily. The superfund has also appointed Merlon Capital Partners to run an Australian equities “low-beta” strategy, according to I&T News. Media Super last year began investigating local hedge funds with a [...]
Caledonia has launched a global resources long/short equity hedge fund, The Caledonia Resources Fund. Launched on 1 August, the fund raised US$20 million in AUM from Caledonia’s existing clients and principals. The Cayman structured fund, with an Australian unit trust feeder, has fees of 1.5/15 with high-water mark. Deutsche Bank is prime broker and Citco [...]
Austrade, the Australian Government’s export promotions agency, has published a 20 page report on the Australian hedge funds industry. See http://www.austrade.gov.au/Publication/default.aspx (scroll down to 17/08/11 report) Written by David Chin, Managing Director of BasisPoint, the report’s highlights include; The US$33 billion in assets managed by Australian hedge fund managers is marginally smaller than Hong Kong’s [...]
Australia’s $75 billion Future Fund has released its preliminary performance report as at 30 June 2011. Highlights: Its allocation to alternative assets climbed to $13.8 billion (18.6 percent of total assets) compared to $11.9 billion (16.3 percent) as at 31 March 2011. This flow of $1.9 billion into alternatives was the largest amongst all asset [...]
