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Opalesque Industry Updates - Infiniti Capital today announced it has signed a significant advisory mandate with an Australian institutional client, its first such deal in the Australian market. The deal increases Infiniti Capital’s assets under management and advice by several hundred million US dollars to total over US$1 billion.
Infiniti Capital Chief Executive Ian Shearer says, “We are pleased to be able to announce the first of what we hope will be many such initiatives in Australia, which we see as a key growth market for Infiniti. As some of our larger competitors have fallen by the wayside after being exposed to Bernie Madoff or being caught in the systemic de-leveraging resulting from the credit crisis, there are new opportunities for an innovative company like us.”
Infiniti Capital is a boutique asset manager which has historically specialised in emerging manager hedge fund of funds mandates, alongside offering bespoke solutions for institutional clients.
The company has established a permanent Sydney office, strengthening its Asian focus, which encompasses the head office in Hong Kong and extensive back and middle office capabilities in Christchurch. It has representatives visiting Japan regularly.
Darren Katz has been appointed as head of Infiniti Capital’s Australian business. Katz, who brings a wealth of local knowledge from his previous role at HFA, sits on Infiniti Capital’s Investment Committee so is involved in formulating the company’s investment strategy.
According to Katz, “The long-term expected returns of funds of funds, in particular, lie between bonds and equities, depending on the composition of the portfolio. The proper strategy for investment in funds of funds is either as an adjunct to a balanced portfolio or superfund or as an alternative to such funds for high net worth individuals.”
The collapse of the Madoff empire has irrevocably changed the funds industry. Infiniti Capital’s Hong Kong-based CEO Ian Shearer says, “In the post-Madoff world, some institutions are attempting to switch to running their hedge fund books in-house. It is a clear response to the failure of a number of large fund of funds shops to avoid exposure to Madoff’s investment vehicles.
“However, the operational and qualit...
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