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From Komfie Manalo, Opalesque Asia:
The flurry of activities in Australia’s hedge fund space in October has made the region an interesting prospect for investors, said Hatfield Advisors, an Australian-based hedge fund advisory firm.
In its October newsletter, Hatfield Advisors reported fund launches from Pengana Global, Deutsche Bank dbSelect platform (managed account) and Fortitude Capital (listed stocks). Pengana said it would launch a new quant-style Australian equities market neutral fund ‘within a few months’, according to Denis Caroll speaking to InvestorDaily.
ASX-listed Everest Financial Group launched the Everest Credit Opportunities Fund, a fund of fund in the distressed global credit market space. The fund has been seeded with $4m from EFG’s balance sheet..
There were also new allocations; Australia’s $59.63bn (A$64.25bn) Future Fund boosted its allocation to international equities to 22.8% of AUM as at 30 September 2009, from 16.6% the previous quarter; and Health Industry Plan (HIP) has allocated $35m to Tribeca Investment Partners, which will operate as an ‘active extension manager.’
The $2bn TWUSUPER is considering more allocations to hedge funds, credit,
infrastructure and emerging markets, but has cut exposure to domestic listed property trusts, accor...................... To view our full article Click here
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