1 November 2010 14:00
“The Triplepoint Fund, like other diversified portfolios of hedge funds has, on average, a 0.2 beta to equity markets,” O’Dea explained.
“Launching at the beginning of the US recession and given the S&P500 declined by nearly 40 per cent in the calendar year 2008, this helps to explain why Triplepoint has not met this objective to date. We believe this is similar to a balanced fund failing to meet a CPI+3-4%p.a. objective over the same time period.”
Colonial First State chief investment officer Jonathan Armitage says a shift away from reliance on US mega-cap tech stocks is reshaping portfolio resilience, with emerging markets, private debt and catastrophe bonds helping to drive returns across the portfolio.
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We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation. We recognise their continuing connection and unique cultural and spiritual relationships to the land, waters and community. We pay our deepest respects to them and their culture, and to Elders both past and present.
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