Sunday, 26 April 2015
Last updated 1 day ago
Apr 9 2010 | 1:21am ET
Ramius Alternative Solutions and an Australian money manager are teaming up to bring hedge funds to the Down Under pension market.
As part of its partnership with Sydney-based Perpetual Investment Management, Ramius will manage a pair of funds of hedge funds, which Perpetual will market to Australian pension funds and high net-worth individuals. The two new products are designed to complement Perpetual’s existing alternative investment portfolios, which include private equity, real estate, infrastructure, credit and hedge funds.
Ramius, a division of the Cowen Group, will also advise Perpetual on its hedge fund investments.
Australia requires that 9% of each citizen’s salary be invested in a retirement scheme, meaning the country has the fifth-largest pension fund system in the world. But relatively little of the A$1.2 trillion is invested in hedge funds.
“We are delighted to have been selected by Perpetual, one of the most prestigious firms in the Australian financial market, as their hedge fund partner and advisor and we look forward to working with their talented Multi Manager team to maximize the potential of this relationship for both parties,” Ramius CEO Thomas Strauss said. “Our partnership with Perpetual further validates the model that Ramius has established as a sophisticated global hedge fund investment platform that has the team, experience, infrastructure and investment processes in place to deliver value-added intellectual capital to sophisticated institutional clients like Perpetual.”
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…