But mediumsized funds like Media Super can’t always push for them, and this would certainly be the case if the fund tried to access the hedge fund elite offshore. So the fund has the best chance of striking beneficial commercial terms – which flag a healthy alignment of interests among funds and managers – by seeking hedge fund mandates in Australia. “We need to beware of assetgathering funds managers,” Glass says. “It’s no good for us to be on a long tail with a lot of other investors in a product.” Being a close and valued investor means you know what makes a manager tick. The financial crisis made it clear that many hedge fund strategies carried an inherent, long public-market beta, and that a large of returns was due to the
The senior investment leader describes the governance challenges as “huge” for funds moving into alternative asset classes because of the complexity and also because of the gap between the best and worst performing general partners and investment managers.
Matthew SmithMarch 10, 2021
This year’s single-best trade was Chinese mid-cap semiconductor and tech stocks, according to UBS O’Connor's Kevin Russell. This illustrates how China’s domestic consumption economy allows it to combat any trade wars with the US.
Jessica SierSeptember 24, 2020
While Sunsuper's access to cash and public market meant its alternatives allocations weren't tapped for liquidity to facilitate early release payments, Tomlinson said he could take advantage of some more liquid ‘hedge fund-type’ investments during tumbling markets.
Jessica SierSeptember 23, 2020