Sat, Nov 18, 2017
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. Middle East - Saudi-Iran war would create this domino effect of global disaster, Saudi billionaires said to move funds from region to escape asset freeze[more]

    Saudi-Iran war would create this domino effect of global disaster From CNBC.com: Events appear to be spinning out of control in the Middle East, and the threat a Saudi-Iranian war is looking increasingly credible. Make no mistake, an out and out conflict between the two nations would be

  2. Paradise Papers - Robert Mercer's effort to avoid taxes appears in Paradise Papers, Tycoon made $41m from 'people's fund', Oxford and Cambridge 'investing millions of pounds offshore', Paradise Papers reveal[more]

    Robert Mercer's effort to avoid taxes appears in Paradise Papers From Therealnews.com: The Guardian has reported that conservative billionaire and Trump backer Robert Mercer "appears as a director of eight Bermuda companies in the Paradise Papers," the trove of documents reviewed by the

  3. Wall Street hedge fund veteran hits highs with copycat tactics[more]

    From FNLondon.com: A Wall Street veteran who has made big returns for wealthy clients by piggybacking on the strategies of well-known hedge funds is taking his novel approach to stock-picking to institutional clients. Dixon Boardman, chief executive of $2.5bn fund of hedge funds Optima Fund Ma

  4. Launches - Eaton Vance, Oaktree to launch diversified credit NextShares fund, FIM launches Nordic AI-powered fund[more]

    Eaton Vance, Oaktree to launch diversified credit NextShares fund Eaton Vance Management, a subsidiary of Eaton Vance Corp., announced the expected mid-November launch of Eaton Vance Oaktree Diversified Credit NextShares, a new Eaton Vance-sponsored exchange-traded managed fund. Eaton Va

  5. Outlook - Gundlach's stock market warning comes true[more]

    From Bloomberg.com: Jeffrey Gundlach has been warning something's got to give. Based on the past two days, looks like we have our answer. Stocks fell around the world a second day and high-yield bonds headed for a fourth straight loss, resuming a historic correlation that the hedge fund manager on W