The industry fund has taken a 49 per cent stake in subscription vehicle provider Splend alongside IFM and other co-investors as it looks to build a 10 per cent exposure to climate solutions in its global portfolio.
After years of powering super returns into the double digits, US equities are walking a tightrope, and one misstep could send them plunging to earth. But the story that put them up there in the first place still holds true.
Hedge Funds Award winners at gala charity event
Hedge Funds Rock, the gala dinner held in Sydney last week, which includes the annual Hedge Fund Industry Awards, has raised nearly $4 million for children’s charities since it started in 2002 as a knock-about rock-and-roll night. It has managed to maintain its sense of fun while growing into a highly regarded event.
Kim Ivey, a co-founder of Hedge Funds Rock and the Australian Alternative Investment Awards, presented most of the Awards. He said the industry was about evolving. “You know how to adapt,” he told the audience of hedge fund managers, investors and service providers.
Ivey was also a co-founder of AIMA Australia, who’s annual conference last week (see separate report this edition) goes to make up what is colloquially known as ‘Hedge Funds Week’.
He also announced the formation of the Alternative Future Foundation, which aims to build a permanent capital base for the charities that it will support. “All aspects of our investment community -investment managers, brokers, bankers, auditors, lawyers, administrators and investors – have come together to form the Foundation.”
The three charities currently specified are: RedKite, which supports young people with cancer and their families, Nordoff Robbins, which provides “clinical music therapy” and community music initiatives, and Tranby Aboriginal College, Australia’s oldest indigenous education charity. More than $200,000 was raised at last week’s dinner.
​The Awards have also grown to assess more than 200 alternatives products, last year joining in a partnership with Lonsec Research to help the panel make quantitative assessments as well as their qualitative judgements.
This year’s winners are:
- Best Emerging Manager: Munro Global Growth Fund managed by Munro Partners, a Grant Samuel affiliate
- Best Long/Short Equity Fund: Tribeca Global Natural Resources, managed by Ben Cleary and Craig Evans, distributed by Grant Samuel
- Best Market Neutral Fund: Totus Capital, which returned 34.2 per cent net of fees last year
- Best Global Macro Futures Fund: Core Capital which offers a tail-risk strategy on an “all-wealth basis”
- Best Multi-Strategy Fund: Perpetual Income Opportunities Fund, which includes a range of alternatives strategies including private absolute returns
- Best Fixed Income and Credit Fund: Alexander Credit Opportunities Fund
- Best Offshore Manager Operating in Australia: BNY Mellon
- Best Listed Alternative Investment Product: Platinum Capital
- Best Investor Supporting Australian Managers: Koda Capital
- Best Alternative Investment Manager of the Year: presented by Mainstream BPO’s Martin Smith, Perpetual Investment Management, and
- Contribution to the Australian Hedge Fund Industry: John Hempton of Bronte Capital, who has made many brave calls on stocks.
– G.B.
