Thursday, 20 November 2014
Last updated 4 hours ago
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.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...