Zenith Investment Partners has recruited an experienced hedge fund researcher to spearhead a move into institutional asset consulting.
Daniel Liptak has joined the staff-controlled Zenith as head of alternatives with a brief to expand the reach of its research platform beyond the retail advisory market and to provide consulting services to super funds and private banks.
Liptak, who co-founded the former Hatfield Liptak Advisors alternatives marketing and research company (now Triple A Partners run by Damien Hatfield in Australia), has about 15 years experience in investment management, investment banking and research in Australia and Asia.
He said yesterday that the first major review for Zenith in the alternatives space would be market neutral funds, followed by long/short and then other strategies to round out the hedge fund coverage over the next 12 months.
“We should have due diligence reports on about 100 managers in Australia and overseas within the next year,” he said. “The feedback has been really good.”
Liptak took a client fund to Zenith, which he declined to name, but said it was one of the largest investors in Australian underlying hedge funds.
Zenith, which was started almost 10 years ago by former InvestorWeb researchers David Smyth and David Wright, is a respected research firm concentrating on managed funds for financial planners. The move into the institutional area pits it against much larger groups which span the two market segments such as Russell Investments, Mercer Investment Consulting and van Eyk Research.
Liptak said that Zenith subscribed to a number of databases of alternatives funds management information and would also do its own research in Australia and overseas.
“We might look to do an overseas tie-up with a research firm at some stage,” he said.