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Komfie Manalo, Opalesque Asia:

Australian listed diversified alternative asset manager Blue Sky Alternative Investments Limited said that its hedge fund unit has partnered with Equinox Funds and Deutsche Bank to secure a fresh mandate for its flagship systematic global macro strategy, Dynamic Macro.

Equinox Funds provided the mandate via Deutsche Bank platform, dbSelect. Blue Sky is Australia's only listed diversified alternative asset manager and has A$3.4bn assets under management.

Alex Thompson, head of distribution for Blue Sky Hedge Funds, said "We are delighted to work with Equinox and Deutsche Bank on a product that provides portfolio diversification through alternative strategies designed to be negatively correlated to traditional asset classes."

Ajay Dravid, CIO of Equinox Institutional Asset Management, said, "We are very pleased to have added the Blue Sky Dynamic Macro strategy to our portfolio of futures-based trading strategies in the Equinox MutualHedge Futures Strategy Fund. We believe its negative correlation to equities can provide additional diversification benefits to investors."

The Blue Sky Dynamic Macro strategy, trading since November 2007, aims to deliver a "crisis alpha" macro approach, i.e. protection for investors during periods of equity market stress while avoiding the erosion of assets during recovery periods. This is achieved by targeting high conviction, contrarian tr......................

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