RSS|
Opalesque Industry Update - Mantis Funds has launched the Magnetar Relative Value Unit Trust which is a feeder
into a Cayman master fund managed by Magnetar Capital. The strategy is divided
into merger arbitrage and convertible bond arbitrage. Damien Hatfield of Mantis Funds says that this fund fills the void of allocation to alternative assets which make up to 15% of the wealth manager's asset allocation with little bona fide hedge fund product choice. Magnetar is a US-based, multi-strategy alternative investment manager with approximately $14 billion under management. It employs a wide range of alternative credit and fixed income, systematic investing, healthcare, energy and infrastructure strategies. The unit trust is available to wholesale clients in Australia and wholesale investors in New Zealand only, with Equity Trustees as responsible entity and Apex Mainstream as administrator. The unit trust has been seeded by an institutional investor with $30 million.
|
