Top artists are to perform in front of an expected crowd of more than 600 hedge fund industry participants at this year’s Hedge Funds Rock charity and awards night.
Kiwi band Evermore, Aussie legend Richard Clapton and the hedge fund industry’s very own band, Typhoon, will entertain the audience at Paddington Town Hall on September 27. In addition to celebrating the achievements of this year’s top performers, the evening is also an opportunity to raise money for cancer research. In a partnership with the charity Cure Our Kids, organisers hope to beat the $455,000 raised last year to help advance cancer research, purchase medical equipment and renovate the oncology ward and clinic at Westmead Children’s Hospital. Over the past five years, the local hedge fund industry has raised more than $1.15 million for the charity. Fund managers seeking acclaim in this year’s awards will be wary of the perils of too much success, with the fate of last year’s fund of the year, Basis Aust-Rim Opportunity Fund, being particularly fresh in everyone’s memory. The other award categories include: best emerging manager; best long short & absolute return fund; best market neutral fund; best global macro/ futures fund; best fund of fund; best investor supporting Australian managers; and the contribution to the Australian hedge fund industry award.
The $34 billion Brighter Super is set to shift around $10 billion of assets from passive to active management. Chief investment officer Mark Rider says the move is possible because of scale created by mergers, and the fund will be looking to its newly appointed active managers to generate performance through the cycle by taking idiosyncratic risks.
Darcy SongJanuary 21, 2025
