IXIS Asset Management Australia affiliate Harris Alternatives LLC has picked up a key mandate from JANA Investment Advisers.
The $48 million mandate involves Harris Alternative’s Aurora Offshore Fund Ltd II, and forms part of JANA’s implemented consulting solution for wholesale clients.
The Aurora Offshore Fund Ltd II is a diversified fund of hedge fund that has attracted more than $700 million in Australian-sourced funds.
Services and software companies are set to reap the benefits of the AI boom in 2025, according to a market professional.
Despite ongoing tariff concerns, the State Street Risk Appetite Index rose to 0.36 in January, signalling a return to risk-seeking behaviour after a pause in December.
The yellow metal is riding a perfect storm of macroeconomic and political conditions, setting the commodity up for further growth this year.
While investors remain bullish on the US dollar and equities, they are bearish on just about everything else, Bank of America has found.