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Alternative Market Briefing

Australian hedge fund news: Bennelong expands, ASIC cooperates with EU, Thorney seeks Wentworth, Liptak heads new advisory firm

Friday, September 06, 2013

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Damien Hatfield
Benedicte Gravrand, Opalesque Geneva:

So what is happening in down under’s hedge fund industry? According to Triple A Partners’ latest newsletter, Australian Hedge, authored by Damien Hatfield, quite a lot. Here are a few titbits:

• The Bennelong Group, a Melbourne-based privately owned funds management and private equity business founded by Jeff Chapman and the Chapman family in 2000, and owner of Bennelong Funds Management, is expanding. The group took controlling interest in wealth manager Carnbrea & Co, also based in Melbourne, and will create a wealth management advisory business unit, which will be headed by Fiona Rowland. Meanwhile, Australian Hedge adds, Bennelong Funds Management reached $5 billion in AUM.

• The Australian Securities and Investments Commission (ASIC) and 29 European Union (EU) securities regulators agreed to cooperate to support Australian alternative investment fund managers operating in the EU.

• Thorney Investment Group Australia Pty. Ltd., a principal investment firm specializing in investments in emerging companies and based in Melbourne, proposed Wentworth Holdings Limited, an ASX-listed investment company, to recapitalise and convert it into an absolute return-focused investment firm. If they agree, Wentworth would undertake capital raising and ap......................

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