Tue, Feb 21, 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. With $54bn in assets, Philippines is ready for hedge funds, alternative investment products[more]

    Komfie Manalo, Opalesque Asia: With the country's outstanding fund management industry at $54bn and growing, the Philippine market and its investors are ready to invest in "more sophisticated" asset management products, like hedge funds and alternative investments, said Deanno J. Basas, presi

  2. SoftBank to buy Fortress Investment for $3.3bn[more]

    From Reuters.com: Japan's SoftBank Group Corp on Wednesday said it has agreed to buy Fortress Investment Group LLC for about $3.3 billion, looking to add investment expertise as it prepares to launch the world's largest private equity fund. The all-cash deal is SoftBank's first major investmen

  3. ...And Finally - Truth in advertising[more]

    From Newsoftheweird.com: Girl Scout Charlotte McCourt, 11, of South Orange, New Jersey, saw her sales zoom recently when she posted "brutally honest" reviews of the Scouts' cookies she was selling -- giving none of them a "10" and labeling some with dour descriptions. She was hoping to sell

  4. Europe - Brexit - Updated legal guide, Euro exchange rates set to tumble as hedge fund's super computer predicts Marine Le Pen will be next French president, Swiss fund market hits all-time high[more]

    Brexit - Updated legal guide From Herbertsmithfreehills.com: When we began analysing in depth the possibility of Britain exiting the EU (Brexit), 18 months prior to the June 2016 referendum, the business consensus was very much that Brexit was a remote prospect that either would never hap

  5. People - Gramercy appoints Bradshaw McKee as managing director of Capital Solutions, Trump taps Cerberus's Feinberg to lead intelligence review[more]

    Gramercy appoints Bradshaw McKee as managing director of Capital Solutions Gramercy Funds Management LLC, a $5.8 billion dedicated emerging markets investment manager, today announced the appointment of Bradshaw McKee to the position of Managing Director, Capital Solutions and Distressed