Hedge Funds specialist HFA Holdings Limited has surpassed $3.8 billion in assets under management (AUM) prompting it to upgrade its 2006 prospectus forecast.
The company announced on the Australian Stock Exchange (ASX) this morning that the upgrade in AUM had resulted from the success of its latest Octane series capital raising.
However, the company said that the increased AUM would not affect previously advised, full-year guidance for net profit after tax, which was expected to be at least $17.5 billion.
Commenting on the ASX announcement, HFA chief executive Paul Jensen said the stronger than expected result was a testament to the company’s continued strength and its ability to create and deliver products that meet market demand.
