DGAM Wins Mandate To Advise Australian Bank On Hedge Fund Investments

Oct 15 2012 | 7:31am ET

MLC, the wealth management division of the National Australia Bank, has appointed Diversified Global Asset Management Corporation as its hedge fund adviser.

MLC conducted a global search for a partner to expand its coverage of alternative investment managers and strategies. MLC expects to double its hedge fund assets from A$500 million to over A$1 billion over the next 12-18 months.

"We selected DGAM based on their combination of investment, advisory and risk management knowledge and experience,” said Gareth Abley, head of alternative strategies at MLC.

"We are excited to partner with MLC to broaden its investment capabilities, and believe our shared ethos will produce a successful outcome for MLC," said Warren Wright, chief investment officer and co-founder of DGAM.

Based in Toronto, Canada, DGAM was founded in 2004 and currently manages and advises on over US$5 billion of hedge fund assets. The firm is employee owned and invests on behalf of an institutional client base, which includes some of the world's largest public and private pension funds, endowments and sovereign wealth funds.


In Depth

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Moore Capital PM Fired After Raucous Hamptons Party

Jul 7 2016 | 10:47pm ET

A portfolio manager for Louis Bacon’s $15 billion hedge fund Moore Capital Management...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...