Wed, Jul 8, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

MLC Appoints DGAM as hedge fund advisor

Monday, October 15, 2012
Opalesque Industry Update: MLC, the wealth management division of the National Australia Bank, has appointed Diversified Global Asset Management Corporation, a leading institutional alternative investment manager and advisor, as its hedge fund advisor.

MLC conducted a global search for a partner to expand its coverage of alternative investment managers and strategies. MLC expects to grow its hedge fund assets from A$500 million to over A$1 billion over the next 12-18 months.

Gareth Abley, Head of Alternative Strategies at MLC said: “We selected DGAM based on their combination of investment, advisory and risk management knowledge and experience. We are confident that DGAMs expertise will help us build on MLC’s strong track record in this space and enable us to deliver the complementary net return stream that will enhance our client’s diversified portfolios.”

“We are excited to partner with MLC to broaden its investment capabilities, and believe our shared ethos will produce a successful outcome for MLC” said Warren Wright, Chief Investment Officer and co-founder of DGAM.

This partnership with MLC expands the advisory work that DGAM currently carries out on behalf of some of the largest and most sophisticated institutional investors around the world. DGAM’s advisory business applies the firm’s considerable experience investing on behalf of global institutional investors. This growing segment of DGAM’s business is a natural complement to its hedge fund portfolios, which have generated market leading risk adjusted returns.

“We look forward to expanding our advisory offering to a select group of institutional investors globally” said Graham Thouret, President and co-founder of DGAM.

DGAM

Press Release

BM

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. Opalesque Exclusive: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Opalesque Exclusive: New systematic strategy embraces machine learning[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The founder of a New York-based systematic trading firm, which offers a hybrid between alpha strategies and alternative feta at lower fees, describes his approa

  3. Larry Robbins' hedge fund Glenview buys 1m Tenet Healthcare shares[more]

    Komfie Manalo, Opalesque Asia: Glenview Capital Management said it bought an additional 979,482 shares at Tenet Healthcare Corp valued at $53.80 million, raising its stakes in the healthcare services company to 15.16%, reported

  4. Legal - Grayson’s hedge funds under scrutiny for possible ethics violations, Court rejects hedge fund’s motion to block merger of Samsung affiliates[more]

    Grayson’s hedge funds under scrutiny for possible ethics violations From Freebeacon.com: Rep. Alan Grayson is finding himself in hot water over managing hedge funds that bear his name, actions that are in possible violation of House ethics rules. Sitting members of Congress are prohibite

  5. Hedge funds decline in June as stocks tumble on Greek woes[more]

    From Bloomberg.com: Hedge funds posted losses across strategies last month as uncertainty over whether Greece will remain in the euro sent global stock markets tumbling. Winton Capital Management declined about 3.1 percent in June in its $12.1 billion Winton Futures Fund, leaving it down 1.9 percent

 

banner