Opalesque - Opalesque Exclusive: Australian SWF and BT I.M. to invest in alternatives

Alternative Market Briefing

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 commitments which had not been drawn down by financial year end. Sankaty is the US$32 billion hedge fund affiliate of Bain Capital LLC and invests in fixed income and credit instruments. Oaktree has US$54 billion in alternative ......................

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The end of the 5%: Hedge funds get institutional inflows straight from equity portfolio

NEW 2009 Opalesque New York Roundtable with:

Ed Robertiello, Managing Director, head of the fund of hedge funds Americas at Credit Suisse
Tim Schuler, CFA, Senior Vice President & Investment Strategist, Permal Group
Carrie McCabe, CEO and Founder of Lasair Capital
Chris Acito, Founder of Acito Advisory Group, former Managing Director and Global Chief Operation Officer for Investcorp's Hedge Fund Group
John M. Bader, Co-Chairman and Chief Investment Officer of Halcyon Asset Management
Bill Geisler, Portfolio Manager, Malbec Partners
Christopher Pucillo, Chief Investment Officer and Portfolio Manager, Solus Alternative Asset Management
Katherine S. Kim, Senior Analyst, Affirmed Capital

The Round discusses fundamental changes in asset allocation of public and corporate pensions, who have started to allocate to alternatives straight out of their equity portfolio, rather than putting hedge funds into a "5% niche". You will learn details:

What macro signals hedge funds are using for their strategic positioning
Challenges for emerging managers: What happened to seeding?
New insights on risk and reward of different asset classes and hedge fund strategies
What are the "rescue mandates" that Credit Suisse and other notable firms are now getting?
What are the huge opportunities investors can pursue in the secondary markets for hedge funds?
What new hedge fund compensation models are already now being deployed, but why do hedge fund fees not seem to ever go down?