Select Asset Management’s Alternatives Portfolio has been added to AXA’s North platform as well as Colonial First State’s FirstWrap.
The portfolio has exposure to a number of global and local alternative strategies, including hedge funds and managed futures, as well as alternative assets such as infrastructure, private equity, commodities and precious metals, according to Select.
“We are seeing strong demand for [the Select Alternatives Portfolio] from a large number of dealer groups and platforms which recognise that trying to pick individual alternative investments is fraught with potential reputation and compliance risk,” said Select Asset Management chief executive Andrew Fairweather.
Partnering with a firm like Select to take care of manager selection and portfolio construction was a smarter way to access alternatives, he said. Select was one of the few alternatives funds not to limit or close redemptions during the global financial crisis, he added.
The Select Alternatives Portfolio, which was launched in 2004, already appears on a number of platforms and wraps including Asgard, Navigator, MLC Masterkey Custom and Macquarie Wrap. It is available for investments of more than $25,000.
