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.
Investors have slashed their US equity allocations to the lowest level on record, according to new data from Bank of America.
The message from experts in international trade and economists is that the Australian government should refrain from retaliating with reciprocal tariffs.
The market correction forecast by AMP’s chief economist is in full swing, with three weeks of turbulence culminating in significant losses on Tuesday.
Following a strong risk appetite in January, institutional investors have pulled back in February, with risk-seeking activity dropping to zero amid a decline in equity allocations.