Sun, May 20, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
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

amb
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......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. News Briefs - Warren Buffett: Target date funds aren't the way to go, Cambridge Analytica could be reborn under a different name[more]

    Warren Buffett: Target date funds aren't the way to go Planning for retirement can be complicated and stressful. This is why target date funds - funds that are managed based on when you expect to retire - are so attractive. Over time, the balance of stocks, bonds and cash evolve automati

  2. Investing - Hedge funds hike Smurfit Kappa positions amid takeover deal hopes, Hedge fund IBV Capital digs deep to unlock long-term value in a competitive market, Eisman of 'The Big Short' fame recommends shorting Deutsche Bank[more]

    Hedge funds hike Smurfit Kappa positions amid takeover deal hopes From Irishtimes.com: Two US hedge funds, Davidson Kempner and York Capital, have accumulated a combined 4.74 per cent interest in cardboard box maker Smurfit Kappa using financial derivatives. It comes as many investors cl

  3. Foundations of hedge fund managers gave big to controversial donor-advised funds[more]

    In the world of philanthropy and tax-deductible charitable giving, the explosion of donor-advised funds has touched off intense debate. Now, there is evidence that the DAF boom is being further fuelled by hedge fund foundation money. Four of the top five foundations that gave the most to large do

  4. Study: For hedge funds, smaller is better[more]

    From Institutionalinvestor.com: The smaller the hedge fund is, the better its performance is likely to be, according to a new study. The study - "Size, Age, and the Performance Life Cycle of Hedge Funds," released April 26 - sought to determine whether a hedge fund's size and age had any effect on i

  5. Hedge fund returns rose in April for first gain since January[more]

    From Bloomberg.com: Bloomberg Hedge Fund Database shows returns flat this year - Currency strategies had the biggest monthly gain at 13% Hedge fund returns increased 0.78 percent in April, reversing two consecutive monthly declines. The swing of 134 basis points was driven by gains in all seven