Hedge funds-of-funds manager HFA Asset Management has made additions to its sales team across three states.
Oscar Martinis, HFA head of distribution, said the company had hired business development managers in Queensland, Victoria and Western Australia. Luke Fletcher, previously a BDM with international real estate investment manager MacarthurCook Limited, has joined HFA in Melbourne, while Fred Gumibeau, formerly a product manager with CBH Group, has taken a position with HFA in Perth. Both Fletcher and Gumibeau joined the manager in July. Martinis would not name HFA’s new hire in Brisbane since they had not yet resigned from their current occupation. HFA employs 10 BDMs in Australia. Meanwhile, HFA announced last week that its merger with US manager Lighthouse Investment Partners LLC was proceeding, after receiving a credit approved loan from a major bank which, with additional equity financing, could close the deal. However, both companies agreed to suspend completion of the merger “until appropriate equity values in HFA are restored” in the stockmarket, HFA said in a statement.
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
