Sat, Aug 29, 2015
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. Investing - Hedge funds suddenly find real money is back in Argentina's debt, Elon Musk buys more SolarCity stock following hedge fund manager short, BlackRock plans to get into rental-home financing[more]

    Hedge funds suddenly find real money is back in Argentina's debt From Bloomberg.com: The real money is back in Argentina. Before the country’s default in July 2014 (its second in 13 years), most long-term investors abandoned its bond market. As they rushed out, Argentina became a favorit

  2. Activist News - Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping, Meet Europe's best activist investor[more]

    Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping From Businessinsider.com: Carl Icahn has picked his next target: Freeport-McMoRan. Icahn and a group of other investors have snapped up an 8.46% stake in mining company Freeport-McMoRan, according to a j

  3. North America - Hedge fund manager Ray Dalio’s challenge to the Fed[more]

    From Newyorker.com: For some reason, Janet Yellen, the chair of the Federal Reserve, decided to skip this year’s annual Fed conference in Jackson Hole, where monetary policymakers from the United States and abroad get together with some prominent academics to discuss the big issues of the moment. Th

  4. Opalesque Exclusive: Credit-focused hedge fund Numen Capital expects more volatility in Europe in coming months[more]

    Benedicte Gravrand, Opalesque Geneva: A London-based hedge fund, which has just hired two emerging managers, is cautious on Europe. Vassilis Paschopoulos and former Lehman’s colleague Nikos Kargadouris, launched a London-based credit-focused hedge fund called

  5. Performance - Hedge funds bruised by stocks’ meltdown, Capstone’s volatility hedge fund is having a monster month thanks to market mayhem[more]

    Hedge funds bruised by stocks’ meltdown From WSJ.com: Hedge-fund managers like to promise their investors protection from market swings. In the recent stock swoon, many were caught off guard. Billionaire managers such as Leon Cooperman, Raymond Dalio and Daniel Loeb are deeply in the red

banner