Australia’s Jana Targets Institutions With Hedge Fund Offering

Dec 14 2007 | 10:29am ET

Sydney, Australia-based Jana Investment Advisers has launched a multi-manager hedge fund seeded with A$300 million (US$264.2 million). The Jana Triplepoint Fund is only open to institutional investors.

Underlying managers will be selected by Jana—which is not related to the San Francisco activist hedge fund manager Jana Partners—and detailed manager research will be conducted jointly by both Jana and Partners Group, the Swiss global alternative asset manager. Jana will structure its new offering in managed account formats to address investor concerns reacted to the lack of transparency and liquidity of fund of hedge funds.

“Partners Group offers a fantastic managed account platform, with sophisticated risk management and high levels of both liquidity and transparency,” said Michael O’Dea, a principal at Jana. “In addition, by requiring the use of managed accounts, rather than investing in co-mingled pools, we have addressed the issues of transparency and risk management.”

The Triplepoint Fund is looking to deliver an expected return of cash plus 5% per annum (post fees, pre-tax) over a five-year period with a volatility of around 6% per annum.

Jana was acquired by the National Australia Bank group in December 2000. The firm managed some A$6.9 billion (US$6.1 billion) as of the end of September.


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR