Zenith executive signs on to consultancy firm
Zenith Investment Partners’ Daniel Liptak has joined newly-established specialist institutional consulting firm ZG Advisors (ZGA).
Liptak will vacate his role as Zenith head of alternatives research to head ZGA as chief executive, while David Smythe, a co-founder and director of Zenith, will act as a non-executive director. The business will obtain, and operate under, its own Australia financial services licence.
ZGA will utilise the global alternatives research and resources of Gottex Fund Management, the majority shareholder in the venture.
According to Liptak, ZGA will also leverage some of the crossover with Zenith, particularly when it comes to sharing ideas on Australian alternative assets.
He added that it will be business as usual at Zenith, with Smythe continuing his role as director.
The consultancy will focus on tailored solutions for alternative assets based on strategy types, regional focus, liquidity, risk tolerance and fee load constraint, ZGA stated.
“ZGA clients will have access to unrivalled expertise in global and domestic hedge funds which will lift the covers on transparent due diligence,” Smythe said.
AUTHOR
Staff Writer
Recommended for you
Self-reporting issues to ASIC could lead to a reduced charge for a fund manager but it may not exempt them from enforcement action altogether, according to ASIC chair Joe Longo.
AllianceBernstein has announced its chief investment officer and Australian equity manager Roy Maslen is to step down from the firm at the end of the year.
Pinnacle Investment Management has announced it plans to launch a new affiliate from a global equities team departing Royal London Asset Management.
Asset manager Nuveen is seeing opportunity in municipal bonds which are at their highest yields in over a decade.
