Wed, Aug 20, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Advance A.A. allocates A$400m to new alternatives product, Colonial First State awards A$300m to three hedge funds

Wednesday, June 15, 2011
Opalesque Industry Update – Triple A Partners Australia’s May 2011 newsletter mentioned some significant investments into the hedge fund sector from a number of Australian firms.

For example, Advance Asset Management allocated around A$400m (US$425m) from its multi-sector funds into a newly-built alternatives product, an Investor Daily’s report said (source). The fund, Advance Alternative Strategies Multi-Blend, will comprise hedge fund managers that use various strategies and also invest in low-cost liquid products such as ETFs. New York-based Ramius Alternative Solutions will provide advice on manager selection, due diligence and portfolio construction.

Triple A also said that Colonial First State (CFS) had awarded A$300m (US$319m) to three offshore managers to kick start a new 'alternatives manager allocation' within its FirstChoice multi-sector funds platform, as reported by Global Pensions.

It gave A$110m to Aspect Capital in London, A$105m to Neuberger Barman in New York and A$85m to First Quadrant in California. FirstChoice, which now has a 3% allocation to alternatives, is a platform for employers of small to medium businesses to superannuation plans for their employees.

Australia is the fastest growing pension fund market in the Asia region, says Triple A, an investment advisory group based in Sydney.
B. Gravrand

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. Institutions – Texas Employees sets 2015 tactical plan for alternatives, CalPERS' real estate consultant cautions the pension fund's investment committee, Why Sunsuper likes hedge funds[more]

    Texas Employees sets 2015 tactical plan for alternatives From PIOnline.com: Texas Employees Retirement System will invest in up to four new hedge funds in the next fiscal year, which begins Sept. 1. Trustees approved 2015 tactical investment plans for the hedge fund, private equity and in

  2. Private equity follows hedge funds into reinsurance for long-term capital[more]

    From Artemis.bm: It’s not just hedge funds that are entering the insurance and reinsurance market in search of so-called long-term capital to put to work in their strategies, private equity firms targeting the space are also seeking opportunities to add assets under management. The entry of large pr

  3. North America – New York City’s next hot neighborhoods targeted with property funds[more]

    From Bloomberg.com: New York’s real estate world is filled with tales of ordinary people who bought property decades ago and saw values skyrocket to the millions. Seth Weissman is seeking investors to get in early on the next hot neighborhoods. The veteran of Goldman Sachs Group Inc. and hedge

  4. Investing – George Soros bets $2bn on stock market collapse, Warren Buffett's Berkshire reveals Charter stake, cuts DirecTV, Hedge funds lusting to cash out of MGM, Top hedge fund managers are buying Ally Financial, Hedge funds dumped 5m Herbalife shares in Q2, Paulson & Co hedge fund ups Puerto Rico real estate bet, Netflix Inc., Citigroup Inc, Google Inc are top new picks in Tiger Management’s 13F[more]

    George Soros bets $2bn on stock market collapse From Newsmax.com: Billionaire investor George Soros has increased his financial bet that U.S. stocks will collapse to more than $2 billion. The legendary hedge fund manager has been raising his negative bet on the Standard & Poor's 500 Inde

  5. Investors now net short S&P500 and increased Russell shorts, technicals suggest further selling[more]

    Komfie Manalo, Opalesque Asia: Market Neutral funds increased their market exposure to -1% net short from -6% net short last week, according to Bank of America Merrill Lynch’s Hedge Fund Monitor. The report also added