Tue, Sep 2, 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. Study shows what resonates with investors: 'Unwavering', 'passionate' beats 'committed', 'dedicated' and more surprises[more]

    Komfie Manalo, Opalesque Asia: A new study by Pershing, a unit of BNY Mellon company, showed that an effective value proposition strengthens audience connections and fosters growth, yet many advisors have had little objective guidance in formulating such statements until now. In the study

  2. Legal – GE Capital and Petters-related hedge fund in legal battle, SEC sanctions Donald Brownstein's hedge fund over conflicts of interest[more]

    GE Capital and Petters-related hedge fund in legal battle From Startribune.com: A billion-dollar legal battle is brewing in Florida over who knew what and when about the decade-long Ponzi scheme operated by former Wayzata businessman Tom Petters. The bankruptcy trustee for two failed Flo

  3. Managed futures' global diversification is important in next phase of economic recovery[more]

    Komfie Manalo, Opalesque Asia: The global diversification provided by managed futures may prove to be extremely valuable as the markets enter the next phase of the economic recovery, said Campbell & Company, a pioneer in absolute return invest

  4. Comment – Why you should avoid the hottest hedge fund hands, Swedroe attacks Hussman over risk management, relative value strategy[more]

    Why you should avoid the hottest hedge fund hands FromCNBC/Yahoo.com: Investors who don't have money with Pershing Square Capital Management are likely salivating at the hedge fund's industry-leading 26 percent return from January through July. But investing with Bill Ackman and other to

  5. Ex-UBS prop trader's hedge fund Manikay Partners eyes UK launch[more]

    From eFinancialnews.com: Manikay Partners, a $1.7 billion US multi-strategy hedge fund set up in 2008 by a proprietary trader from UBS with backing from Goldman Sachs, is planning to open in the UK. New York-based Manikay's move into Europe comes after Financial News revealed on Monday that Aurelius