Director of Basis Capital, Steve Howell, said the naming of the Aust-Rim Opportunity Fund as Hedge Fund of the Year last week was an “;honour”;, but that the sector itself deserved the wraps.
“;The sector in Australia now speaks for 200 strategies across 66 managers, with $50 billion all told under management, and much of that for overseas investors,”; Howell said. “;It’s nice for our fund to be recognised, but just to have been part of the growth and export success of the sector is a buzz.”; Basis Capital recently surpassed $1 billion under management, with about “;half a dozen”; institutional mandates around the $10-20 million mark, but also what Howell describes as “;real retail traction”; through wraps, principally those of Macquarie and BT. The Hedge Fund Awards were announced as part of the Hedge Fund Rocks charity night, which togtehr with the Hedge Fund Blue Book this year raised $455,000 for the Cure Our Kids cancer charity.
The $355 billion AustralianSuper has acquired a $1.4 billion European industrial and logistics portfolio, owned by OMERS real estate subsidiary Oxford Properties. The nation’s biggest fund is targeting a $7.5 billion valuation for the venture and $35 billion allocation in European and UK region before 2030, supported by its biggest international office in London with 121 employees.
Darcy SongJanuary 14, 2025
