Opalesque Exclusive: Australian SWF and BT I.M. to invest in alternatives
Friday, November 28, 2008
From Sydney-based Hatfield Liptak Advisors’ November newsletter:
Australian Sovereign Wealth Fund yet to invest in alternatives
Australia’s Future Fund had just 0.1% of assets allocated to alternatives as at 30 June 2008, far below its targeted 15% portfolio weighting.
However, the $63.4 billion sovereign wealth fund, (SWF) said in its recently released annual report that ‘we expect to make material progress in this category over 2008/09.’ A full 15% allocation would equate to $9.45 billion.
Mandates have been given to US based Oaktree Capital Management and Sankaty Advisors, while Canyon Capital Advisors LLC had been given commitment......................
From the Opalesque team:
Paris-based Algodeal, a quant platform founded by IT professionals Benjamin Filippi (formerly at Lehman) and Jean-Christophe Allemand (formerly at Newedge), will launch its first fund towards the end of 2Q1