Fri, May 25, 2018
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. 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

  2. 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

  3. Third Point to raise $400 million for SPAC, Farley to run it[more]

    From Reuters.com: Daniel Loeb's hedge fund Third Point LLC plans to raise $400 million for a "blank check" company which will be run by outgoing stock market operator NYSE Group President Thomas Farley, according to a regulatory filing made on Tuesday. The new company, referred to on Wall Stre

  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