POWERED BY MOMENTUM MEDIA
Blackrock beefs up alternatives business
Blackrock has moved to bolster its alternative investment capabilities in Australia, appointing Ascalon Capital chief executive Andrew Landman to head of alternatives in Australia.
The appointment was a reflection of Blackrock's increased focus on the Australian alternatives market, according to head of hedge funds for Blackrock, Rick Arney.
Blackrock managed approximately US$110 billion in alternative assets globally including US$20 billion from the Asia Pacific region, according to company figures to 31 March.
Blackrock Australia acting country head Michael McCorry said conventional asset classes will not fund Australian investors' future liabilities. He said alternatives offer investors a chance to enhance returns and reduce risk through low correlation to other asset classes.
Landman has 18 years industry experience. His time at Ascalon bred nine single-strategy hedge and high conviction funds across Australia and Asia Pacific, while the firm amassed $4.2 billion in assets under management.
Landman is also head of investment strategy at BT Financial Group.
Joseph Pacini, head of Blackrock's alternatives business in Asia ex Japan, will man the Australian alternatives business until Landman officially steps down as Ascalon chief executive.
Blackrock was unable to provide a date for Landman's commencement.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
In this latest edition, Anna Shelley, CIO at AMP, shares the fund’s approach to current market conditions and where it continues to uncover key opportunities.
The mega fund has announced a $2.2 billion investment in a leading data centre platform, bringing its global real assets portfolio to nearly $60 billion.
In this latest edition, Australian Retirement Trust’s head of global real assets Michael Weaver explains the fund’s approach to finding new opportunities as it surpasses $300 billion in funds under management.
Fund managers remain hopeful for a Chinese revival story despite the “disappointing” stimulus package announced this week.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.56 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.06 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.81 3 y p.a(%)
