POWERED BY MOMENTUM MEDIA
BNP Paribas partners with Permal on alternatives
BNP Paribas Investment Partners Australia (BNPP IP) has brokered an exclusive deal with global alternatives asset manager Permal Group.
In March Permal acquired BNPP IP's Fauchier Partners, now Jubilee Advisers, allowing it to grow into one of the largest alternative investors with ground teams located around the world.
"With scale becoming an increasingly important aspect of investing in hedge funds, Australian investors can now benefit from the strength of Permal's purchasing power, as well as their decades of experience in manager selection, asset allocation and risk management," BNPP IP Australia chief executive David Grybas said.
Investors can access Permal and Jubilee funds through BNP IP as well as its hedge fund business, which allows customisation of products to specific risk-and-return objectives.
Permal's managed account platform holds US$7 billion and is exclusive to Permal clients.
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(%)
