Ashton launch into Aussie retail space

Fund of hedge funds manager, Ashton Advisors, has launched two new retail products for the Australian retail market, the Ashton Select Fund and the Ashton Performance Fund.

The funds will be the flagship products for Ashton Advisors and will be administered by BNP Paribas. The Ashton Select Fund is a conservative global diversified multi strategy fund of hedge funds, while the Ashton Performance Fund is an aggressive global multi strategy fund of hedge funds.

Ashton Advisors executive director Nick Raphaely said both funds accept direct investments with a minimum of $25,000.

Raphaely said the Australian retail market is a key part of Ashton's business plan and the logical next step in its expansion. The firm is currently in discussions with both researchers and investment platforms about having the funds included on investment menus.

“The Ashton business has been operating out of London and Sydney since 2005 with a global focus. We are very pleased to have now launched our flagship products here in Australia, having established locally registered feeder funds into our offshore products,” Raphaely said.

“Ashton's products have generated positive returns for our clients in the past financial year, in what has been an extremely challenging investment climate. In an environment of uncertainty, we believe our absolute return focus will have strong appeal to Australian investors.”