Mon, Jan 22, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

MLC Appoints DGAM as hedge fund advisor

Monday, October 15, 2012
Opalesque Industry Update: MLC, the wealth management division of the National Australia Bank, has appointed Diversified Global Asset Management Corporation, a leading institutional alternative investment manager and advisor, as its hedge fund advisor.

MLC conducted a global search for a partner to expand its coverage of alternative investment managers and strategies. MLC expects to grow its hedge fund assets from A$500 million to over A$1 billion over the next 12-18 months.

Gareth Abley, Head of Alternative Strategies at MLC said: “We selected DGAM based on their combination of investment, advisory and risk management knowledge and experience. We are confident that DGAMs expertise will help us build on MLC’s strong track record in this space and enable us to deliver the complementary net return stream that will enhance our client’s diversified portfolios.”

“We are excited to partner with MLC to broaden its investment capabilities, and believe our shared ethos will produce a successful outcome for MLC” said Warren Wright, Chief Investment Officer and co-founder of DGAM.

This partnership with MLC expands the advisory work that DGAM currently carries out on behalf of some of the largest and most sophisticated institutional investors around the world. DGAM’s advisory business applies the firm’s considerable experience investing on behalf of global institutional investors. This growing segment of DGAM’s business is a natural complement to its hedge fund portfolios, which have generated market leading risk adjusted returns.

“We look forward to expanding our advisory offering to a select group of institutional investors globally” said Graham Thouret, President and co-founder of DGAM.

DGAM

Press Release

BM

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. U.S. economy, inflation and alternative investments to dominate 2018 markets, says family office Wilmington Trust[more]

    Komfie Manalo, Opalesque Asia: The emergence of a late-cycle economy in the U.S., the mystery of inflation and growth from a domestic and global perspective, and the potential for alternative investments to prosper against a backdrop of rich valuations, low yields, and higher volatility are the t

  2. Performance - Some hedge funds deliver double-digit gains for 2017, Brevan Howard's hedge fund suffers biggest annual loss in 2017, Crispin Odey's flagship hedge fund plummeted about 20% in 2017, Profits fall 90% at ex-Morgan Stanley banker's hedge fund, Fannie-Freddie overhaul might mint hedge fund riches, losses[more]

    Some hedge funds deliver double-digit gains for 2017 From Reuters/Investing.com: A handful of hedge funds ended 2017 with double digit returns, their investors said, at a time the $3 trillion industry took in fresh money and posted its best returns in years, industry data show. Act

  3. Investing - Hedge funds start 2018 with record $19 billion bet on the euro, Hedge fund Kora Management invests in Satin Creditcare[more]

    Hedge funds start 2018 with record $19 billion bet on the euro From Reuters.com: Hedge funds have kicked off 2018 with their biggest bet ever on the euro rising, a clear vote of confidence in the single currency but, with positioning so stretched, one which could backfire in the near ter

  4. News Briefs - Mobius to retire from Franklin Templeton, Authorities decrypt smart phone of Princeton grad charged with killing Manhattan hedge fund dad, Investigators seize (more) antiques from hedge-fund billionaire Michael Steinhardt's collection[more]

    Mobius to retire from Franklin Templeton Emerging markets pioneer Mark Mobius will be stepping down as executive chairman of the Templeton Emerging Markets Group (TEMG) and formally retire from Franklin Templeton on 31 January. He will also be relinquishing his post as portfolio manager

  5. Comment - Seeding arrangements: Structure, approach, and the current market[more]

    From international law firm K&L Gates: Private fund growth has exploded over the last several years. While some areas are hotter than others, overall the industry has seen substantial growth. Existing managers have been able to launch larger funds and new managers have been able to successfully ente