Alternative investing – deep dive portfolio construction thinking for financial advisers

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Some great feedback on a previous AdviserVoice article has led Select Investment Partners’ Chief Operating Officer Alex Wise to address specific points provided by the AdviserVoice adviser community. Alex writes his perspective from the position of a multi-asset investment firm that has incorporated some hedge funds and other alternative investments into its diversified portfolio construction since […]

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Hedge funds offer attractive alternative for Australian investors

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Hedge funds have earned their place as valuable components in Australian retail investor portfolios, according to Jarrod Brown, Bennelong Funds Management Chief Executive Officer. Jarrod said that hedge funds, which are commonly used by institutional investors as diversification and risk management tools, can provide similar benefits to retail investors, when selected carefully. “According to independent […]

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ASIC releases further guidance on hedge fund disclosure

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ASIC has today refined the definition of a hedge fund to ensure our disclosure requirements are appropriately targeted at those funds that pose more complex risks to investors. Following extensive consultation with industry, Class Order [CO 13/1128] Amendment of Class Order [CO 12/749] and an updated Regulatory Guide 240 Hedge funds: Improving disclosure (RG 240), make changes to the […]

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Beyond the hedge – lessons from a decade of alternative investing

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Advisers and their retail clients cast a wary eye whenever the expression ‘hedge fund’ is raised. Why so? Institutional investors have embraced alternative investing with great vigour, while the regulator, ASIC, has recently allayed fears concerning the underlying liquidity and gearing levels of Australian hedge funds. Alex Wise gives an insider’s view on the journey […]

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Hedge funds no systemic risk to financial system: ASIC

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Australian hedge funds do not currently pose a systemic risk to the Australian financial system, an ASIC report released today has found. Key points: Hedge funds ASIC identified manage only a small share of Australia’s $2.1 trillion managed funds industry with more than half of these holding less than $50 million each The survey indicates […]

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Dalton Nicol Reid Market Update

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In a continuation of recent trends the US market was soft last week with all asset classes weak – gold, bonds, equities and the A$. The reason ironically is that the US has signalled that their economy is strong enough to start considering ending their quantitative easing which has supported their economy through the GFC […]

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ASIC extends shorter PDS regime relief

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ASIC has extended interim class order relief from the shorter PDS regime for multi-funds, superannuation platforms and hedge funds. Class Order [CO 12/1592] extends the relief in Class Order [CO 12/749] Relief from the Shorter PDS regime for a further 12 months, to 22 June 2014. The relief was due to expire on 22 June […]

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ASIC releases guidance on hedge fund disclosure

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ASIC has finalised guidance on new disclosure benchmarks and principles for hedge funds to improve investor awareness of the risks associated with these products. ASIC’s guide, Regulatory Guide 240 Hedge funds: Improving disclosure (RG 240), follows industry consultation earlier this year (refer: 12-30MR) and the Parliamentary Joint Committee on Corporations and Financial Services (PJC) report […]

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Australian hedge & boutique funds control 17% of entire investment industry – study

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The inaugural Triple A Partners/ Basis Point Consulting Australian Hedge and Boutique Fund Directory launched on 17 September. Highlights 165 hedge and boutique investment management firms control $208.4 billion, equivalent to 17% of the $1.19 trillion managed by all investment managers in Australia. The directory identifies 102 independently-owned boutiques (predominantly long-only, benchmark-unaware strategies) with $165.6 billion […]

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Lonsec considers the drivers for alternative assets positive in current environment

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Lonsec’s review of the Alternatives sector encompassed 25 funds across ‘Alternatives – Single Strategy and Alternatives – Multi-Asset/Multi-Manager funds. Five funds attained Lonsec’s highest rating, Highly Recommended – the Fauchier Partners Absolute Return Fund, BlackRock Scientific Global Markets Fund, Winton Global Alpha Fund, Aspect Diversified Futures Fund and Man AHL Alpha. Senior Investment Analyst Deanne […]

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