27 July 2009 13:00
“We’ve always been very pro the idea of having to have an AFSL license in
Australia. If you’re a hedge fund in
Australia you have to have an AFSL license and for us it’s a great layer of due diligence correctness… it’s a second layer of due diligence that potential investors don’t have to worry about. So provided the final changes weren’t too draconian, I would have said it’s probably not a bad thing.”
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Global equities have driven most of MLC’s FY26 return so far, but its exposures to insurance-linked securities and “esoteric” credit have also put in the hard yards and helped the fund diversify beyond the AI thematic, according to chief investment officer Dan Farmer.
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