Fri, Nov 28, 2014
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. Unlucky Paulson & Co. rebrands $1.6bn Recovery Fund after 13% drop[more]

    From Businessweek.com: A maturing U.S. economic recovery is prompting Paulson & Co. to change course. The $19 billion hedge fund firm, led by billionaire John Paulson, told investors on a conference call this month that the Paulson Recovery Fund will be renamed Paulson Special Situations Fund on Jan

  2. Opalesque Roundtable: Islamic Finance races ahead with Sukuk, the first managed account platform, and foreign demand[more]

    Komfie Manalo, Opalesque Asia: A number of developments took place within Islamic finance in the past years, including the launch of a Islamic managed account platform and the further growth of the sukuk space that saw this instrument evolve from being a type of an ABS security that was rarely

  3. CTAs , event-driven strategies lead hedge funds recovery in mid-November[more]

    Komfie Manalo, Opalesque Asia: November’s performance proves to be in sharp contrast to the previous month, with equities further consolidating their upswing last week, according to the latest Lyxor Asset Management’s Weekly Brief. CTA funds als

  4. Fund Profile - A complex hedge fund strategy works for United Technologies[more]

    From Institutionalinvestor.com: Reports that portable alpha is dead have been greatly exaggerated, as Mark Twain might have phrased it. Another Connecticut Yankee, giant United Technologies Corp., is gearing up to grow its successful, nearly decade-long portable-alpha program. The UTC strategy took

  5. Opalesque Exclusive: The unintended consequences of Basel III[more]

    Benedicte Gravrand, Opalesque Geneva: Bijesh Amin, co-founder and managing director of Indus Valley Partners (IVP), a technology solutions and services firm focused on the alternative asset management industry, has recently observed