Perpetual seeks hedge fund advice from US
Perpetual Investment Management has formed a partnership with US hedge fund manager Ramius Alternative Solutions LLC under which Ramius will advise Perpetual on its hedge fund investments.
Ramius will manage Perpetual’s Defensive Alternatives Fund and the Growth Alternatives Fund, two separate customised fund of hedge funds products designed to complement two multi-asset alternatives portfolios.
“We believe that partnering with Ramius can create significant benefits and opportunities for our alternative investments funds to meet the investment objectives of our clients, specifically the high-net-worth client base of Perpetual Private Wealth,” said head of multi manager at Perpetual Damien Webb.
“Through this partnership, we will be able to take advantage of Ramius’ global expertise and contacts, rigorous due diligence process and institutional platform,” he added.
Ramius LLC chief executive Thomas W. Strauss said: “Our partnership with Perpetual further validates the model that Ramius has established as a sophisticated global hedge fund investment platform that has the team, experience, infrastructure and investment processes in place to deliver value-added intellectual capital to sophisticated institutional clients like Perpetual.”
Recommended for you
With an explosion of private credit managers appearing in the market, two alternatives experts believe a consolidation is needed to maintain the quality of the sector.
Bentham Asset Management has become the latest fund manager to expand its distribution team as it reports increased interest in its credit strategies.
L1 Capital, which is in talks to merge with Platinum Asset Management, has indicated it will be voting against a deal to convert a Platinum LIC into an ETF.
Evidentia Group has hired a head of quantitative investments who joins the investment firm and managed account provider from AMP.
