Macquarie hedge fund offering expanded
Macquarie Portfolio Management has expanded its range of hedge fund investment options, giving retail investors access to a global group of absolute return hedge fund managers.
Macquarie Equity Markets Group division director Cathy Kovacs said the Macquarie Equinox Select Opportunities Trust offered Australian investors different investment styles across three categories.
“Specialist Funds provides exposure to strategies focusing on Asia and emerging markets.
“Opportunistic Traders provides exposure to strategies focusing on trends in global financial markets, and a Diversified Fund provides investors with exposure to a broader range of hedge fund-style strategies in more developed markets,” she said.
All offshore investments will be hedged to Australian dollars to minimise exposure to foreign currency movements.
The manager has also launched the second series of the Macquarie Newton Multi-Strategy Fund — Capital Protected. This is an absolute return and specialist equities strategy fund, but offers capital protection to retail investors by ensuring their initial capital outlay is protected at the date of June 3, 2013.
The first series of this fund closed with $70 million in funds under management.
Kovacs said: “Investor appetite for absolute returns is set to increase as investors look for ways in which they can diversify their exposure away from traditional long-only managed funds.
“This new initiative adds a safeguard for those who are risk conscious.”
For both funds, Macquarie is offering investors the ability to borrow 100 per cent of the amount needed to invest, with interest rates starting at 7.25 per cent.
Recommended for you
Infrastructure assets are well-positioned to hedge against global uncertainty and can enhance the diversification of traditional portfolios with their evergreen characteristics, an investment chief believes.
Volatility in US markets means currency is becoming a critical decision factor in Australian investors’ ETF selection this year.
Clime Investment Management is overhauling the selection process for its APLs, with managing director Michael Baragwanath describing the threat of a product failure affecting clients as “pure nightmare fuel”.
Global X will expand its ETF range of exchange-traded funds next month with a low-cost Australian equity product as it chases ambitions of becoming a top issuer of ETFs in Australia.
