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From Matthias Knab, Opalesque Europe: Brisbane-based Queensland Investment Corporation (QIC), a leading institutional investment manager with over $80 billion in funds under management, is building an internal global equities fund
of hedge fund that will allocate to only six
underlying managers. Strategies deployed include
long/short, quantitative market neutral, eventdriven
and relative value, risk and volatility
arbitrage.
According to Hatfield Liptak Advisors, four of the managers have already been
awarded mandates to other QIC products.
The fund will be initially seeded with $30
million and will go live on October 1. It will be
QIC's first international equity based absolute
return FOHF although the $80 billion institutional
manager runs other FOHF strategies in its
Implemented Absolute Return division such as its
Global Macro Fund.
Meanwhile, QIC has allocated $570 million
into Charlotte, NC based "US endowment-style" fund manager Global
Endowment Fund, (GEM) according to Financial
Standard. GEM offers private investment partnerships
that seek to replicate the investment style
employed by leading university endowments.
These styles typically have large weightings given
to absolute return investments.
Adrian Ryder, managing director, strategy,
QIC, attributed stable returns, a good mix of
alternative and absolute return investments, and
access to private equity partnerships as the main
factors driving QIC's interest in endowment style...................... To view our full article Click here
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