High Octane support for HFA fund
Absolute return fund manager HFA Asset Management has attracted over four times as much money into the second instalment of its capital protected ‘Octane’ fund of funds as it did for the first.
HFA’s Octane Fund Series 2, pulled in $90 million, largely from retail investors, during a 12 week capital raising period which closed today.
“The feedback we received from advisers after we launched the first fund last July was that a lot of their clients really wanted that kind of fund round about the end of the tax year,” said HFA portfolio manager Peter Coates.
The Octane Fund Series 2 offers investors the opportunity to margin lend into the investment, which is capital protected.
Coates said it was targeted at investors who were either taking their first leap into absolute returns or those taking out a margin loan and wanted the comfort of capital protection.
The fund uses 11 different investment strategies and is diversified across 50 international specialist managers covering most asset classes including small to large cap stocks, fixed interest and property.
The first Octane Fund was opened up to investors in July 2004 and attracted $20 million by the time it went live in October. In the period from end of October 2004 to end of March the fund returned 3 per cent, annualised to 9.1 per cent.
Recommended for you
While crypto continues to gain traction among investors globally, improving accessibility for financial advisers is key to helping them serve the demand from younger clients, but there are some barriers still hindering adoption.
Investment platform Praemium has reported strong 2024–25 financial year results, with large increases across a range of business metrics, which it credits to the firm’s strategy and high-net-worth focus.
Alternative investment manager Regal Partners has set a target of doubling its offshore funds under management within three years amid strong inflows from offshore investors in the first half of 2025.
Fitzpatricks Advice Partners has formed a strategic alliance with two chapters of a global business support and networking organisation, expanding its offering for the firm’s advisers.
