Tuesday, 21 October 2014
Last updated 9 hours 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...