Hedge Funds Investor And FoHF Developments

The $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.

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HFA Holdings expects its EBITDA to fall to around US$3-4 million in the six months to 31 December 2011 from US$10.1 million a year earlier.

The ASX-listed FoHF says the drop in earnings is due to a fall in performance fee revenue as a result of the volatility in the global markets. In addition, there were one-off expenses relating to the departure of former CEO and founder, Spencer Young, who left the firm at the recent AGM, as well as other staff restructuring.

The firm’s asset under management and advice stood at US$6.03 billion as at 31 October 2011. HFA had net inflows of US$840 million in the 10 months to 31 October 2011.

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Titanium Asset Management has appointed Paul Stanley as a senior portfolio manager with coresponsibility for the firm’s ASX 200 long/short fund, alongside Titaniumʼs CIO Peter Rice. Stanley was previously a portfolio manager for UBS Global Asset Management but left the firm in 2008, according to InvestorDaily.

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Challenger has appointed Cathy Hales as a GM for its boutique partnerships, replacing Michael Lovett who has joined Vanguard. Hales was previously COO for client relations at RREEF in New York. She will work with Challengerʼs CFO Brendan O’Connor to manage the boutique business which has $14.8 billion in AUM.

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2011 is likely to be the strongest year for institutional investment in hedge funds since 2007,according to analysis by US-based Pensions & Investments (P&I) magazine.

Hedge funds received net inflows of US$39.9 billion in the first 11 months of the year, compared to $32.3 billion for all of 2010 and a record $66.1 billion in 2007.

P&I says its estimates of inflows is likely to be lower than actual, since many mandates orallocations are never announced publicly.

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Asia ex-Japan’s institutional investors will outsource an estimated US$1.07 trillion by end2011 to external managers, according to Cerulli Associates. The amount is equivalent to 11.4 percent of the regionʼs total investible assets. Cerulli expects North Asia to continue to account for most of the outsourcing opportunities, with China having the most addressable assets in absolute terms.

Calpers likely to boost hedge fund allocations