Fri, Dec 15, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Asia Pacific Intelligence

Aussie joint venture brings global perspective to alternatives

Thursday, December 05, 2013

Daniel Liptak, formerly head of alternatives research at Zenith Investment Partners, moved to head up ZG Advisors earlier this year, a new specialist institutional consulting firm that arises out of a joint venture with Gottex Fund Management. Zenith founder David Smythe is a non-executive director with the new company.

In an interview with Opalesque, Melbourne-based Liptak said: "ZGA clients will have access to research and due diligence through Gottex for the global perspective, but also my domestic hedge fund experience."

Australia suffers from what Liptak describes as the 'tyranny of distance' in the alternatives world which means that there is a noticeable lack of global coverage with only a few people visiting local funds and local investors not investing locally but often travelling to New York or London to invest.

Liptak was looking for a global partner to give him optimum ability to provide investment solutions to clients. These will come from Australian institutions and family offices. "There are plenty of savings pools here large enough for our business" he says.
He made the deal with Gottex because of their global presence, the strength of their top down approach to hedge funds and the fact that their business has been steadily growing in Asia Pacific. "We are currently working with a couple of groups where we provide research and due diligence and make decisions with their investment committee - and the calls so far have been good" he says.

With the strength of the joint venture, Liptak has also been able to remodel portfolios. "We have been able to access moving from directional credit to relative value credit through managers that I have found or Gottex has on their recommended list" he says. "We have also been able to access hard closed funds in Asia - we are adding value for clients and it's been a nice experience."

The plan is to add more staff and to build the business over the next 18 months. "We have a strong institutional grade infrastructure with top down capability" Liptak says, as he now sets out marketing and talking with potential clients. Larger investors only need apply. Liptak says: "$50m is the lower end investment into hedge funds we can look at, anything larger, then the economics become positive to the investor. The scale of what they can get with us is enormous to try to replicate."

 
This article was published in Opalesque's Asia Pacific Intelligence our monthly research update on alternative investments in the Asia-Pacific region.
Asia Pacific Intelligence
Asia Pacific Intelligence
Asia Pacific Intelligence
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. Mediobanca acquires majority stakes in Swiss hedge fund[more]

    Komfie Manalo, Opalesque Asia: Listed diversified banking group Mediobanca SpA said it has acquired a majority stake in Geneva-based hedge fund firm RAM Active Investments SA (RAM AI), an active and alternative asset manager offering a range of act

  2. Launches - Ex-BlueCrest team to open over $200m hedge fund, Greg Coffey, a hedge fund star who retired at 41, is eyeing a comeback, Brevan Howard plans Greek funds as bond rally signals revival[more]

    Ex-BlueCrest team to open over $200m hedge fund From Bloomberg.com: A team of traders who left BlueCrest Capital Management earlier this year raised more than $200 million for their own hedge fund focused on Asian stocks, according to a person familiar with the matter. Ovata Capital Manag

  3. North America - Miami could attract hedge funds if SALT deductions axed[more]

    From Law360.com: For years, inertia has been Nitin Motwani's greatest foe in his attempts to lure hedge fund owners in the northeast to Miami, which he has pitched as a tropical low-tax paradise. But with the Republican tax bill proposing to eliminate deductions for state and local taxes, he's sensi

  4. Northleaf Capital Partners closes debut private credit fund on $670M[more]

    Bailey McCann, Opalesque New York: Northleaf Capital Partners has closed its debut private credit fund - Northleaf Private Credit I - on $670 million. The vehicle will invest in private credit transactions in Europe and North America, with a primary focus on lending to private equity-backed compa

  5. ...And Finally - The ongoing gun saga in the U.S.[more]

    From Newsoftheweird.com: As elder members of the First United Methodist Church in Tellico Plains, Tennessee, gathered on Nov. 16 to discuss the recent church shooting in Sutherland Springs, Texas, one of those present asked if anyone had brought a gun to church. One man spoke up and said he c