Sunday, 29 March 2015
Last updated 1 day ago
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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…